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2025-07-30 22:02:54
Hassett, Director of the White House National Economic Council, stated: "India may lower its prices to the US and reconsider its approach. Trump is frustrated with the current progress, but we still believe a 25% tariff is sufficient to "resolve and repair" the situation with India. A comprehensive agreement with India would be an "absolute game-changer for the global economy," and I remain hopeful that India will eventually open its market to the US. Meanwhile, there remains hope for progress in Canadian negotiations, and the agreements between the EU and Japan have already fueled a capital spending boom. The US economy is expected to grow by 4% in the third quarter, and tariff revenue is crucial for deficit reduction. We fully respect the independence of the Federal Reserve and believe they will quickly monitor the data and take action."
