Posts

Showing posts with the label Mexico tariffs

White House economist Kevin Hassett says weather played a role in low job numbers in May

Out-going Trump Economic Advisor Kevin Hassett (Council of Economic Advisers Chairman), spoke to a press gaggle this morning after the May jobs report was  released.  A less than expected 75,000 jobs were added in May with the unemployment rate holding steady at 3.6%  Hassett believes the wave of bad weather across he country may have caused the 40,000 job drop.  This jobs lull spurs nervousness about a weakening US  economy  as tariffs mount against China and Mexico.  Hassett briefly spoke about Mexico tariffs saying the meetings this week with Mexico leaders were productive and all offers are on the table, which POTUS will review upon his return today. Mexico is receptive to some U.S. demands and have already arranged to send Mexico National Guard to the border.  Several  Senate Republicans  oppose the president's tariff rebuke and produce suppliers warn of the potential impact that blocking imports from our southernm...