No Recession in Sight, Claims US Economic Chief

United States National Economic Council Director Kevin Hassett confidently stated on Monday that a recession is not on the horizon for this year. Emphasizing the administration's achievements, Hassett highlighted the "enormous progress" being made in ongoing trade negotiations with the European Union.

Trade Talks and Tariff Adjustments

During an interview with Fox Business, Hassett addressed concerns regarding insider trading allegations at the White House, dismissing them outright. He also previewed upcoming measures, noting that President Donald Trump's forthcoming semiconductor tariff would specifically target chips deemed critical to national security.