Trump's Tariffs Defended, Powell's Firing Considered | JQJO

Kevin Hassett, National Economic Council Director, defended President Trump's 50% tariff on Brazilian goods, citing a broader global strategy to onshore US production and reduce trade deficits. He argued that while a trade surplus exists with Brazil, the overall strategy combats potential national security risks. Hassett also addressed criticism of Federal Reserve Chair Jerome Powell, stating the President's power to fire him is under review, potentially citing cost overruns in the Fed's headquarters renovation. Further tariffs on the EU and Mexico are described as real unless suitable deals are reached, and copper tariffs are justified by national security concerns regarding domestic weapon production.