White House Econ Advisor Hassett: Expect some trade negotiations to extend beyond the ‘hard’ deadline
WHITE HOUSE ECONOMIC ADVISER HASSETT: SOME TRADE TALKS MAY MISS DEADLINE
WHITE HOUSE ECONOMIC ADVISER HASSETT SAYS POSSIBLE THAT SOME TRADE NEGOTIATIONS WILL PUSH PAST THE DEADLINE - CBS NEWS INTERVIEW
White House officials signaled that the administration could allow certain trade negotiations to run past the self-imposed deadline set for Wednesday, potentially delaying new U.S. tariffs on countries deemed to be bargaining in good faith. In separate television interviews on Sunday, Economic Adviser Kevin Hassett and Council of Economic Advisers Chair Stephen Miran said some talks are progressing but may need more time to conclude. Miran told ABC’s “This Week” that nations making the necessary concessions may have their tariff start dates “rolled,” while those seen as uncooperative would face higher duties as scheduled. Hassett made similar remarks to CBS News, saying it is “possible that some trade negotiations will push past the deadline,” with President Donald Trump retaining final authority to decide case-by-case. The administration has so far announced three agreements ahead of the cutoff. The looming deadline follows Washington’s move in April to impose a 145% levy on Chinese goods, part of a broader effort to pressure trading partners. Further details on which countries could receive extensions were not provided, and the advisers emphasized that decisions will come later this week.