Tariff negotiations are progressing, news expected by the end of the day: Hassett

— Kevin Hassett, director of the National Economic Council, expressed optimism regarding the current tariff negotiations, stating that the Trump administration is making progress. He noted that updates on this matter are likely to be announced by the end of the day.

Hassett made these comments during a speech on CNBC. He expressed hope for progress in relations with China, stating that they are very close to moving forward. Hassett also mentioned that the administration has received tough trade proposals from over 20 countries.

In addition to tariff negotiations, Hassett touched on tax issues, stating that President Trump does not support tax increases for the wealthy.