Hassett: Tariff Removal to Help Reduce Household Expenses

White House Economic Council Director, Kevin Hassett, defends President Trumps decision to remove tariffs on common goods to ease household expenses, despite acknowledging years of inflation. Hassett explains that while tariffs arent the main cause of recent price hikes, they aim to reduce costs as supply increases. He highlights that year-over-year inflation is down to about two and a half percent, close to the Federal Reserves target, and global suppliers have lowered prices. Hassett also emphasizes the administrations efforts to reduce the federal deficit as a strategy to combat inflation, projecting a significant decline this year. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.