White House economist teases the ‘biggest’ fiscal reform ‘America has ever seen’
The director of the National Economic Council Kevin Haset analyzes the impact of President Donald Trump tariffs on “Kudlow”.
President Donald Trump’s economic plans fits, according to the most recent White House officials who believe that America will see the “largest” fiscal reforms on trade, energy, regulations and expenditures.
“When people who try to panic on President Trump’s trade policy are like what they will do, they do not take into account all the other policy,” said Kevin Haset, the director of the National Economic Council. Exclusive interview on “Kudlow” Monday
“And if you look at the Tariffs, you are going to see, as President Trump says, the Golden Age,” he added. “And that will be the largest supply side reform that has ever seen America.”
Trump repeatedly offered tariffs on the presidential campaign trail, such as Mexico, Canada, China and others will be used more as negotiation tactics. This proved that at the beginning of this week he worked when Colombian President Gustavo Petro quickly back to his rejection Accept deporting flights from the United States after the threat of Trump, threats and other events.
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“I think that the Kolombian talks have seen that the president is going to use tariffs if he needs people to be the first for America.
Director of the National Economic Council Kevin Haset speaks the best fiscal priorities of President Trump from taxes and tariffs to AI and energy. (Getty Images)
The final is that the tariff does not have to be a weapon, but it is economically, if you mentions, the tariff can be part of the supply party strategy, “confirming that the universal tariff is a trump card and home lawmakers. are in “reconciliation bill.
In reconciliation, negotiations are 15% corporate tax rate, which currently seated by 21%.
Haset also stressed the impact that has domestic energy and gas production About minimizing inflationIn claiming earnings to earnings that there was an error about additional Trump’s Economy.
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“If you spend more money on $ 1.5 trillion on government costs, you are going to have inflation. If you don’t let people dig, baby, drilled, energy prices are going to get up … So the fact is that we do the micro items right, and we are also doing the right macro items right, “he said.
The newly appointed Economic Director also mentioned. Re 100% on the ball after inflation, but it will require all the above approaches. And right now we have really inherited high inflation. “
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Polish President Andrzej Duda joins the World Economic Forum in Davos, Switzerland in Davos, the “morning morning”, Trump’s presidency will have a global economy.
Trump is also aware of that Artificial intelligence (AI) race According to Hassett, future effects on the economy, but remain immediately focusing on the consequences of Biden’s “reckless expenses”.
“One of the most fun things last week … turned to the dogs, seeing Elon Musks in the halls and to see that people need to be convinced that the Americans did not need to waste the government,” he said. “There is a lot to fix for our team, and I think we are very optimistic about our ability to restore costs.”
FOX News staff contributed to this report.
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