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Kevin Hassett Says Trump's 50% Tariff Threat Against EU Got Trade Talks Sped Up
Forbes Breaking News
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5/27/2025
Kevin Hassett, Director of the National Economic Council, discussed President Trump's use of a 50% tariff threat against the EU to speed up trade talks.
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00:00
But if the stampede comes, I haven't been eating anymore.
00:02
Two minutes.
00:03
I understand.
00:03
Okay.
00:04
I wanted to ask about what the president and the posting of the EU tariffs on Friday,
00:09
we were told that it kind of took some of the economic team off guard,
00:13
but it ended up seeming to like it had the intended effect of having, you know,
00:18
airflow of foreign players respond and saying that they're going to move now with urgency.
00:23
Can you just share more of your thoughts on that?
00:24
Right.
00:25
Well, as I was just saying, God said you see that the negotiations with Europe
00:29
are trying to find, you know, what they care about, what they really want,
00:40
what possessions they want us to be, and what we really care about,
00:42
what possessions we want them to be.
00:44
And the problem with the EU is just that they have so many different countries
00:47
that disagree about what's most important to them that they can't pick up their own minds.
00:52
And so it's been very difficult to negotiate with them.
00:54
And I think that because the president has such a strong personal relationship
00:57
that it's appropriate that there would be just a little bit more time for the Europeans
01:01
to work it out so we can get back to the table for the project.
01:04
Does that make sense?
01:05
It does.
01:05
But did you guys know that he was going to be saying that regarding
01:08
you're starting with 50% tear up on Friday, do you expect it?
01:10
Do you expect it?
01:11
But a bit of the other kind of big stuff, his mind, he's got a lot of stuff on his
01:14
thing, so.
01:15
But one question.
01:16
Yeah.
01:17
One question.
01:18
Yeah.
01:19
Yeah.
01:20
Yeah.
01:21
Yeah.
01:22
Yeah.
01:23
Well, yeah, there can be problems, but we need a lot more problems.
01:28
So the progress was slower than in the future.
01:32
Thank you so much, Mr. Hassett.
01:39
Thank you so much, Mr. Hassett.
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