In an interview with Fox Business Network on Thursday, Kevin Hassett, director of the United States National Economic Council (US), said he trusts the success of the appeal on the decision of tariffs, according to Reuters.
The International Trade Court announced in the last minute of Wednesday that the ‘Liberation Day’ tariffs of US President Trump will be blocked to enter into force, explaining that Trump exceeded his authority by imposing general tariffs on imports from the commercial partners of the United States.
Hasset also pointed out that the decision on tariffs will not affect the ongoing trade agreements and added that three agreements are practically completed.
Market reaction
The American dollar index (USD) fell slightly with the immediate reaction to these comments and was last losing 0.05% in the day at 99.82.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
