No Recession Expected, Says US Economic Advisor

Kevin Hassett, Director of the United States National Economic Council, confidently stated on Monday that a recession is "100% not expected" this year. He highlighted the administration's significant strides in trade negotiations with the European Union, signaling a positive outlook for the US economy.

Trade Negotiations and National Security

During an interview with Fox Business, Hassett addressed concerns over insider trading at the White House, dismissing them outright. He also previewed an upcoming semiconductor levy by President Donald Trump, aimed at chips that pose a risk to national security, underscoring the administration's focus on safeguarding the country's technological and economic interests.