On Thursday, National Economic Council Director Kevin Hassett was asked about any potential 'concessions' from foreign countries amid President Trump's reversal on his tariffs.
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript
Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript
Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Category
🗞
NewsTranscript
00:00Did President Trump secure any concessions from any country, or is the pause solely based on good faith conversation?
00:08The pause was based on good faith conversation.
00:11I was on a call with the president of Switzerland yesterday morning that was incredibly congenial.
00:18And USTR has informed us that there are maybe 15 countries now that have made explicit offers that we're studying and considering.
00:27And, you know, I'm deciding whether they're good enough to present to the president.
00:31And we're setting up with the chief of staff's office a very orderly process to prioritize countries and to make sure that the countries that are most important for getting this to the finish line are the countries that we bring in first.
00:43We could do negotiations a number of ways.
00:46We would expect that there'll be quite a bit of movement of world leaders into the White House in the next three to four weeks.
00:53But, yeah, this is a really, really fast process now that's not beginning today or yesterday.
01:01It began long before.
01:03One of the options that the president was considering before he decided to go the way he did yesterday was to announce some deals that are already so far along that we could pretty much finish them up and make them public.
01:14But in the end, he decided that a more general announcement, the one that he made yesterday, was the best way to let everybody understand that he's 100% serious about putting American workers first and making the trade deals happen as fast as possible.
01:27Can you talk more about the process of the meeting that's happening today?
01:31No.
01:32No.
01:33It's a White House internal deliberation.
01:34But how are you setting up?
01:36The chief of staff's office has asked all the principals that have skin in the game to come and discuss what their views are about how this should go.
01:46And that's what the purpose of the meeting is.
01:48That's what the purpose of the meeting is.
01:49That's what the purpose of the meeting is.