White House NEC Director Kevin Hassett gives an update on the current status of trade negotiations around the world.  After finishing a CNBC interview (also linked below) Director Hassett noted that Asia was likely to be the next place for an announcement following the completion of the United Kingdom deal.

Hassett outlines that approximately “two dozen” bilateral free trade agreements are completed within the reciprocity framework, and the sequencing of announcements is up to President Trump.  Japan, South Korea and ASEAN nations would be candidates for the next deal as announced. Treasury Secretary Scott Bessent and USTR Jamieson Greer are currently in Switzerland and will be meeting with their Chinese counterparts to begin the first point of discussion. WATCH:

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The press availability above comes immediately following a more extensive CNBC interview which is outlined below.

Director Hassett is always very professional and careful not to step on the toes of the primary trade negotiators: Secretary Lutnick, Secretary Bessent and USTR Jamieson Greer.

The U.K. deal helps to structure the parameters of expectation for all other trade agreements.  Second to China, India is perhaps the most complex and the sequencing plays a key part of the strategy.  Happy warrior Hassett also discusses the tax policy negotiations that are taking place between the White House, the House and Senate.

No tax on tips, no tax on overtime, no tax on U.S. auto loans is all campaign promises that are priorities for President Trump.

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May 9, 2025 | Sundance