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GUSD Minting
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Hassett: Tax revenue is expected to help drop the deficit and support the bond market.
[Hassett: Tariff revenue is expected to help drop the deficit and support the bond market] White House economic adviser Hassett: (Talking about Trump’s tariff delay) Everything is proceeding in an orderly manner. The bond market may be affected by the tariff decision, but it has not triggered a panic reaction. Negotiating within a 90-day timeframe is “feasible,” and tariff revenue is expected to help drop the deficit and support the bond market. A “special” protocol is needed to reduce tariffs below 10%, and President Trump must create leverage to start negotiations.