No Recession in Sight, Says US Economic Leader

Kevin Hassett, Director of the United States National Economic Council, confidently stated on Monday that a recession is not on the horizon for this year. He highlighted the administration's "enormous progress" in ongoing trade negotiations with the European Union, signaling a positive outlook for international trade relations.

Insider Trading Allegations Dismissed

During an interview with Fox Business, Hassett addressed and dismissed claims of insider trading within the White House. These allegations surfaced following President Donald Trump's decision to temporarily suspend most tariffs. Hassett emphasized the integrity of the administration's decision-making process.

Focus on National Security with Semiconductor Levy

Hassett also revealed details about an upcoming semiconductor levy, set to be introduced by President Trump. This measure specifically targets chips that have implications for national security, underscoring the administration's commitment to safeguarding the country's technological and economic interests.