No Recession in Sight, Says US Economic Advisor

In a recent interview with Fox Business, United States National Economic Council Director Kevin Hassett confidently stated that he is "100% not expecting a recession" this year. His remarks come as the administration reports significant advancements in trade discussions with the European Union.

Trade Negotiations Show Enormous Progress

Hassett highlighted the "enormous progress" being made in trade negotiations, specifically mentioning the upcoming semiconductor levy. This new tariff, to be introduced by President Donald Trump, will focus on chips that "influence national security," according to Hassett.

Insider Trading Allegations Dismissed

Additionally, Hassett addressed and dismissed allegations of insider trading within the White House, particularly in relation to the recent pause on most tariffs. He emphasized the administration's commitment to transparency and fairness in all trade-related decisions.