No Recession Expected Amid Trade Progress

United States National Economic Council Director Kevin Hassett confidently stated on Monday that a recession is "100% not expected" this year. Highlighting the administration's achievements, Hassett pointed to significant advancements in trade negotiations with the European Union.

Trade Negotiations and National Security

During an interview with Fox Business, Hassett addressed concerns over insider trading allegations at the White House, dismissing them ahead of President Donald Trump's decision to halt most tariffs. He also revealed that an upcoming semiconductor levy, to be introduced by Trump, will specifically target chips impacting national security.