NEC Director Kevin Hassett: For the most part, the tariff uncertainty period is behind us

Trade Policy & Negotiation - Trade deals, including those already reached, might be subject to ongoing negotiation, potentially using tariffs as leverage in future discussions, particularly concerning big tech and digital taxes between the US and Europe [1] - The business community is assessing the permanence and flexibility of current tariff rates [2] - While most tariffs are expected to remain, the President is open to deals beneficial to the American people [2] Economic Impact & Outlook - Deals have been finalized with countries representing approximately half of the world's GDP, with further deals anticipated for the remaining half [3] - The current trade strategy aims to open markets to American goods and generate revenue to reduce the deficit, potentially leading to tax refunds [3] - The period of tariff uncertainty is largely considered to be over [2]