WH Economic Adviser Hassett: Confident in success of tariff ruling appeal
|In an interview with Fox Business Network on Thursday, Kevin Hassett, Director of the United States (US) National Economic Council (NEC), said that he is confident in the success of the tariff ruling appeal, per Reuters.
The Court of International Trade announced late Wednesday that US President Trump's 'Liberation Day' tariffs will be blocked from going into effect, explaining that Trump overstepped his authority by imposing across-the-board duties on imports from the US' trading partners.
Hassett further noted that the tariff ruling will not affect ongoing trade deals and added that three deals are basically done.
Market reaction
The US Dollar (USD) Index edged slightly lower with the immediate reaction to these remarks and was last seen losing 0.05% on the day at 99.82.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.