White House economic advisor Kevin Hassett was asked why President Donald Trump’s tariff policies have yet to stoke widespread price inflation. Hassett pointed to a White House report finding imported goods prices have fallen in recent months, and credited Trump’s “leadership” for boosting demand for made-in-America products. “There’s, I think, a lot of patriotism in the data,” Hassett said on CNBC’s “Squawk Box.”
White House economic advisor Kevin Hassett speculated Monday that new tariff policies are not yet sparking widespread price inflation because President Donald Trump has convinced more people to buy American.
“There’s, I think, a lot of patriotism in the data,” Hassett said on CNBC’s “Squawk Box” when he was asked to explain why Trump’s protectionist policies have not stoked higher prices, despite warnings by many economists.
The National Economic