White House National Economic Council Director Kevin Hassett denied that the US economy is facing a recession this year, refuting the expectations of some people on Wall Street that the imposition of high tariffs by US President Donald Trump will cause the economy to decline. In an interview on Monday, when asked if he expected a recession this year, Hassett answered, “100% no, 100% no.” He pointed out that recently released data shows that job growth is accelerating, indicating “the employment data is very strong.” The director of the National Economic Council also said that in terms of tariffs and trade negotiations, “there are currently more than 10 agreements, and the other party has proposed very good and excellent conditions to us.” He did not specify which trading partners these proposals came from.

White House National Economic Council Director Kevin Hassett denied that the US economy is facing a recession this year, refuting the expectations of some people on Wall Street that the imposition of high tariffs by US President Donald Trump will cause the economy to decline. In an interview on Monday, when asked if he expected a recession this year, Hassett answered, “100% no, 100% no.” He pointed out that recently released data shows that job growth is accelerating, indicating “the employment data is very strong.” The director of the National Economic Council also said that in terms of tariffs and trade negotiations, “there are currently more than 10 agreements, and the other party has proposed very good and excellent conditions to us.” He did not specify which trading partners these proposals came from.