National Economic Council Director Kevin Hassett Says Uncertainty in Markets Will Remain until April
President Trump’s top economic adviser, Kevin Hassett, recently emphasized the administration’s commitment to leveling the playing field for American manufacturers through reciprocal tariffs. In a CNBC interview on Monday, Hassett reiterated that the White House is considering new tariff measures aimed at countries that impose higher duties on U.S. goods than the U.S. imposes on those countries.
The ongoing uncertainty around tariffs has caused concern among business leaders, with some calling for clarity and a long-term strategy that avoids disruptions to international trade.
During his CNBC interview, Hassett expressed optimism about more stability in the marketplace following the implementation of reciprocal tariffs in April. As USA Today reported:
"Between now and April 2, there’ll be some uncertainty," Hassett said in an appearance on CNBC's "Squawk Box." “But as April comes along, markets will see that the reciprocal trade policy makes a great deal of sense."
Following a productive meeting with USTR on March 14, NMMA President and CEO Frank Hugelmeyer said:
“Our member-company businesses are unique and represent the best of manufacturing in the United States: 95% of all boats sold in the U.S. are made in the U.S. NMMA is seeking a fair-trade environment where marine manufacturers can equitably compete and grow markets both here and abroad.
“However, in these uncertain times, the protection of American boat builders, component-makers, and engine manufacturers is needed due to the risk of losing market access. A retaliatory tariff-free remedy needs to be the ultimate outcome for all sides. As the Administration works toward fair, reciprocal trade relationships, NMMA is seeking strong steps to prevent the looming Canadian and EU retaliatory tariffs from causing long-term harm.”
For more information on NMMA’s trade advocacy efforts or to discuss the impact of tariffs on your business, please contact Clay Crabtree, NMMA Senior Director of Public Policy, at [email protected].
NMMA remains committed to advocating for policies that protect the recreational boating industry and ensure its continued growth and success.