Hassett warns of tariff uncertainty affecting markets

Kevin Hassett, President Trump's economic advisor, warned of ongoing uncertainty regarding U.S. tariffs until April 2. This date marks when Trump plans to announce new "reciprocal" tariff policies, which have caused market confusion. Hassett acknowledged that the current tariff situation has led to volatility, affecting investment decisions and consumer confidence. He defended the administration's tariff strategies aimed at Mexico, Canada, and China, linking them to positive developments in immigration and drug trafficking enforcement. Despite calls for clarity, Trump has not provided detailed explanations of his tariff policies, contributing to market instability. Analysts have noted that this uncertainty could have lasting negative effects on business and consumer confidence.