Kevin Hassett says ahead of tariff deadline,

[ad_1] Washington — White Home Nationwide Financial Council director Kevin Hassett stated Sunday that "tough outlines of the offers have gotten clear" forward of a key tariff deadline this week, with agreements just like the U.Okay. and Vietnam offers serving as "pointers for what may occur" with different nations.

"There's going to be fairly a bit of reports this week, and I believe the headline of the information is that there are going to be offers which can be finalized," Hassett stated on "Face the Nation with Margaret Brennan ."

With President Trump's 90-day freeze on sweeping U.S. tariffs set to run out Wednesday, the White Home has touted new commerce agreements with nations in current weeks, like China, the U.Okay. and Vietnam. However there are nonetheless questions heading into the week with different offers but to be introduced.

The president on April 2 unveiled a ten% baseline tariff on virtually all U.S. buying and selling companions whereas growing levies on dozens of different nations. Days later, as buyers appeared spooked , Mr. Trump introduced a 90-day pause on most of his new tariffs, protecting the ten% baseline in place whereas elevating the tariff charge on items imported from China. Chinese language items at the moment are topic to 30% across-the-board tariffs.

Hassett stated Sunday that there are a "complete quantity" of offers that U.S. commerce consultant Jamieson Greer has negotiated with overseas governments, together with letters to be despatched to nations the place "offers aren't superior sufficient" this week. Mr. Trump advised reporters Friday that the U.S. will begin sending letters Monday to round a dozen nations.

Nationwide Financial Council Director Kevin Hassett on "Face the Nation with Margaret Brennan," July 6, 2025. CBS Information

Although Hassett would not share any particulars in regards to the nations set to obtain the letters, he stated the notices may go to each small and huge buying and selling companions. Hassett outlined the potential of getting a deal "on the final minute" with the letters, saying "till we see the whole lot that performs out, I believe that we have to simply maintain our hearth and look ahead to the information this week."

Requested by senior White Home correspondent Weijia Jiang whether or not the president will prolong the pause for a few of the most vital buying and selling companions if offers do not come collectively by Wednesday, Hassett stated "the US is at all times keen to speak to everyone about the whole lot that is happening on the planet."

"There are deadlines, and there are issues which can be shut, and so perhaps issues will push again previous the deadline, or perhaps they will not," Hassett stated. "Ultimately, the president's going to make that judgment."

Mr. Trump stated Friday that he would seemingly begin the tariffs on Aug. 1. In the meantime, Treasury Secretary Scott Bessent stated Sunday on CNN's "State of the Union" that the president would ship the letters, informing nations that "'for those who do not transfer issues alongside, then, on Aug. 1, you'll boomerang again to your April 2 tariff degree.'" Bessent clarified that "it isn't a brand new deadline," however somewhat "we're saying that is when it is taking place."

Hassett touted the commerce technique Sunday, saying "persons are responding to President Trump's potential threats to have excessive tariffs on nations by shifting their exercise right here into the U.S., which is creating jobs."