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Economic News

Kevin Hassett: Trump Has Backup Plan If Tariffs Dashed

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16 January 2026
Kevin Hassett says President Donald Trump has a plan B should the Supreme Court strike down his tariffs. "We can put a 10% tariff on right away to make up most of the room," the National Economic Council director said Friday on Fox News.
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Trump tells Hassett he wants to keep him where he is; Warsh Fed Chair odds jump

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16 January 2026
Trump, without explicitly stating his decision, said he'd prefer to keep Hassett in his position as top economic advisor.
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Trump Casts Doubt on Hassett Fed Bid, Prefers White House Role

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16 January 2026
President Donald Trump on Friday said he would like to keep his top economic adviser, Kevin Hassett, at the White House rather than potentially nominate him to replace Jerome Powell as chair of the Federal Reserve.
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US: Canada Will Regret Decision to Import Chinese EVs

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16 January 2026
Trump administration officials said Friday Canada would regret its decision to allow China to import up to 49,000 Chinese EVs, and that those cars would not be allowed to enter the United States.
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US May Use Venezuelan Oil for Emergency Reserves

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16 January 2026
The U.S. Department of Energy is exploring a plan to exchange heavy Venezuelan oil for U.S. medium, sour crude to fill up the Strategic Petroleum Reserve, two sources said Friday.
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Warsh sprints ahead in Fed chair race following Trump comments on Hassett, prediction markets show

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16 January 2026
Trump, without explicitly stating his decision, said he'd prefer to keep Hassett in his position as top economic advisor.
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More Articles …

  1. Trump: Countries Not Supporting US Control of Greenland May Face Tariffs
  2. Trump Housing Plan to Allow 401k Money for Down Payments, Adviser Says
  3. Why 'Affordability' Became a Hot Political Issue
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