Hassett: Tariffs Canceled? We Have a "Plan B"
The US government asserted that it has "other tools" it can use if the Supreme Court overturns President Donald Trump's current tariffs. This statement was made by Kevin Hassett, Director of the White House National Economic Council, in an interview with CNBC.
Hassett said the White House is quite confident the court's ruling will favor the administration. "There's a high degree of confidence that the Supreme Court will rule in our favor," he said, reiterating the Trump team's confidence in the legal basis of the tariffs in question.
Despite his optimism, Hassett indicated that the government is still preparing a backup scenario. He said there was a "big call last night" involving key parties to discuss next steps if the Supreme Court rules the tariffs are invalid.
This signal of a "Plan B" readiness indicates the government wants to ensure its trade policies remain in place, regardless of the ruling. The market is now awaiting the Supreme Court's decision, which could potentially impact the direction of tariffs, trade negotiations, and global sentiment in the near future.
Source: Newsmaker.id
