• The bond market may have contributed to the tariff decision.
  • But did not cause a panic move.
  • We have set up a process so that tariff deals can be orderly.
  • Conversations on China have not begun yet.
  • Tariff revenue is expected to help reduce the deficit and help bond markets.
  • There's a big inventory of deals that are right close to the finish line.
  • Two trade deals are almost closed as of last week.
  • Asked if tariffs are pemanent, Hassett replied "everyone expects 10% tariffs to be the baseline".
Source: Forex Live