Kevin Hassett

Also in today's newsletter, the president's trade war hits New York City's Chinatown

President Donald Trump was raked over the coals by the Wall Street Journal editorial board on Monday, over his escalating attacks on Federal Reserve Chairman Jerome Powell for not lowering interest rates to his satisfaction.The conservative board, which has frequently laid into Trump for his tariff ...

President Donald Trump lobbed a fresh series of insults at Fed Chair Jerome Powell on Monday while reiterating a call for lower interest rates, a move meant to address concerns about a slowing U.S. economy but one that risks reigniting inflation.

China is blocking -- or at least slow-walking -- the export of rare earth minerals used in military equipment, cars and other materials, adding a serious wrinkle to the emerging trade war between the U.S. and China.

On Friday, the administration carved out an exception for a variety of electronics from the steep taxes now applied to Chinese imports.

The stock market is in such a dire state that an inaccurate report of a 90-day pause on Trump's global tariffs gave investors real confidence, making the market shoot up before it crashed back down.On Monday morning, Trump economic adviser Kevin Hassett went on Fox News and was asked if the administration would consider such a pause. "The president is going to decide what the president is going to decide. There are…

President Donald Trump remained defiant on Monday as global markets continued plunging and fears of a recession grew after his tariff announcement last week.

As of 10 p.m. Sunday, the Dow Jones Industrial Average was down almost 800 points (2%) and S&P 500 futures had fallen 120 points (2.4%). Nasdaq futures were down 3%. Even the price of bitcoin, …

Howard Lutnick said the calls from foreign officials prove that "these countries know that they've been ripping us off," suggesting there was no room for negotiations.

Top administration officials said Sunday that more than 50 countries targeted by President Donald Trump's new tariffs have reached out to begin negotiations over the sweeping import taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system.

President Donald Trump has declared Wednesday "Liberation Day," when he is expected to roll out a tariff plan that will emphasize his "America First" mission.

Before you start planning for a windfall, budget experts say huge savings from Elon Musk' DOGE efforts are highly unlikely.

Pharmaceutical giant expects the move will create 3,000 high-skilled jobs and provide work for approximately 10,000 construction workers.

CNN's Jake Tapper slammed Elon Musk's latest stunt surrounding the massive federal job cuts perpetuated by his Department of Government Efficiency and claimed some Republicans have started to feel "uncomfortable" with the administration's tactics. Tapper said DOGE's goal of cutting 10% of the ...

An idea first proposed on social media has bubbled up to the White House and received President Donald Trump's enthusiastic endorsement: Take some of the savings from billionaire Elon Musk's drive to cut government spending and return it to taxpayers.

If Musk's target of $2 trillion in spending cuts is achieved by next year, supporters of the idea say that about one-fifth of those funds could be distributed to taxpaying households in checks of about $5,000. But budget experts say such huge savings are highly unlikely.

Trump's tariffs against China were slated to begin Tuesday, but uncertainty remained about the durability of any deals. Trump has promised more import taxes.

With Mexico buying itself reprieve from Trump's tariffs, all eyes are on the outcome of Canada's dialogue with the US. The United States has postponed imposing tariffs on Mexico for one month following discussions between President Donald Trump and Mexican President Claudia Sheinbaum Monday morning. Trump confirmed the decision after a "great talk" with Sheinbaum, […]

Economic upheaval caused by the pandemic has clouded analysts' ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.