In an interview with CNBC on Thursday, Kevin Hassett, Director of the US National Economic Council (NEC), said that there is a big inventory of deals that are very close to the finish line, per Reuters.
Key takeaways
“Bond market may have contributed to tariff decision but did not cause a panic move.”
“We have set up a process for tariff deals so they can be orderly.”
“Deal schedule is very doable.”
“Conversations on China have not begun yet.”
Market reaction
The US Dollar Index showed no immediate reaction to these remarks and was last seen losing 0.95% on the day at 101.92.
