Hassett on CNBC: Talks for deals are ungoing. The Pres. wants whats best for the nation

- Talks for deals are ongoing the president wants what's best for the nation
- The president wants best for the nation
- Import prices into the US are dropping during the tariffs.
- Americans have recognized that when buying an American product they are getting a better product and making the community stronger.
- I think there is a lot of patriotism in the data forcing import prices to move lower.
- There is a national emergency with drugs that justifies Mexican tariffs
- There is a national emergency with trade deficits. EU runs a trade deficit with the US
- Regarding Brazil, they transshipped Chinese goods which is a national emergency as well
- The Federal Reserve should be independent.
- The Federal Reserve has been very wrong about the impact of tariffs on inflation.
- As we get more production in the US, price pressures will go away
- The correlation between European and US rates are out of whack