White House National Economic Council Director Kevin Hassett appears on Fox Business to discuss President Donald Trump’s tariff agenda, semiconductor imports, the administration working on new trade deals and the impact of the global trade reset on China.
Happy warrior Kevin Hassett notes numerous countries are ready to sign new deals with the USA and there will likely be some group announcements very soon. WATCH:
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Hassett also answered questions outside the White House to the media pool.
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Posted in ASEAN, Auto Sector, Big Government, Communist, Donald Trump, Economy, President Trump, Trade Deal
A Hassett article is not complete without the split screen with the Gopher picture.
Quokkarine!!
Like this one?
Yes indeed – thank you! My day is complete. I was looking for the photo insert button…. Just need Hasset pasted above him.
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What kind of Netizen are you?
Get your pirate game into gear and start stealing today!
Thanks for the tip.
NEC Director Hassett positive, upbeat, optimistic and definitive answers are refreshing and intellectually stimulating. Would be enjoyable to break bread with him.
Well yes, if they all come to fruition. Being swayed by talking only is still impressing people? After two years of nothing from the GOP? Still, no tax cuts, [tips are still taxed, social security is still taxed, the Ukraine war is still going unabated. But hey, we got tariffs, it’s all tariffs 98 percent of the time.
Taz, is that you?
All those things are in the Big, beautiful Bill that is making its way thru Congress,..and which Speaker Johnson is optimistic WILL pass.
And, how is it that PDJT has menaged to get every one of his important nominees confirmed, and in record time?
I, myself assumed that as Mitchs protege, Thune waa going to scrww PDJT royally, but it appears he played it straight.
No question that the United States is in a state of war, one which has been waged against America for decades by traitors within and in close collaboration with China and their “silent” partners.
Thank Almighty God for a Commander in Chief worthy of the name and for his hand picked lietenants like Kevin Hassett.
A formidable and patriotic team to disentangle us from the strangulating economic ropes which have been deliberately restraining then devastating the once great US manufacturing powerhouse.
Yes!
It has taken years to get the chip manufacturing
plant in Az up and running. Phase one has just
opened and is now producing. Phase two will
not be operational until 2028.
There is probably a lot good reasons why it was
built in AZ…but my thought is that it’s location
by the MIC companies and contractors has a lot
to do with it😁
I believe the military contractors went to President
Trump and said….pssst…there are a still some techno
we need and don’t produce here.
Even drones need a laptop/tablet to operate them.🤷♀️
Most of our Military equipment has techno in them.
Until we get up and running with manufacturing of
our own techno….we are vulnerable.
President Trump obviously recognizes this. 👍
TSMC Arizona – Taiwan Semiconductor Manufacturing Company Limited
Great article..worth reading. Especially the last paragraph
regarding the F-47….and needed rare earth minerals.
Bombshell Reports: “German Weapons Not Made for War”
One advantage of Az. is very few days where the weather closes down operations, …
…provided they have at least a megaton of highly reliable (redundant energy sources) air cooling capacity…….
We use nuclear power to generate electricity.
💯!!!
Instead of thinking consumer…
think about Military !
Cannons and Cannon Balls💃💃yup👍👍
There is a reason he used that as example!😉😉
America will be so awesome when we start making our own stuff. It will take a bit of time, not much, and when all the dust settles this will be awesome
Then we will be able to start making wonderful things we’ve only imagined and dreamed of.
One of my favorite sayings…..
Necessity is the mother of invention.
🛞 💡 ☎️ 🚙 ✈️ 🚞
We have achieved great things….
Time for us to explore the possibilities…..
👍 👍
Just look at what those bored Russian troop
miners came up with……..
Turtle Tanks!! 🐢🐢🐢🐢👏👏
And whoever thought of taking a plain consumer
drone and fitting it with explosives 🧨 👍
Neither took massive amounts of money for design
and engineering….just good old plain…ingenuity!!
I’m an invention minded fellow.
Most trapped in my head these days.
But my dreams are spectacular.
We geared up in a hurry for WW II, so if we can cut the red tape and find Americans who want to work AND can do the jobs, God willing we will be okay.
Yes, the regulatory state is just another hydra-head of the Derp State…
For all of the previous administrations who got us here – to the point where we don’t make stuff anymore – may the rot in Hades. Self serving money grubbing globalists, all of them.
God bless President Trump for digging into this bowl of spaghetti to try and straighten it out………
If only it were a bowl of spaghetti.
More like a pit of living vipers…
May the Lord protect President Trump and his team.
Yesterday I posted I noticed there were ZERO Google sponsored ads for TEMU. Welp, a search today found this article:
https://searchengineland.com/temu-pulls-us-google-shopping-ads-454260
“Temu completely shut off Google Shopping ads in the U.S. on April 9, with its App Store ranking subsequently plummeting from a typical third or fourth position to 58th in just three days.
The company’s impression share, which measures how often their ads appear compared to eligibility, dropped sharply before disappearing completely from advertiser auction data by April 12.”
App store rank collapsed from 3rd or 4th to 58th in 3 days.
Google any product, not a Temu ad in sight.
heh
And the Marxists say tariffs don’t work.
Google’s business is severely restricted in China. Basically, Google is not allowed to compete there!
I wonder if their emails stopped as well.
My late daughter used to get several a day.
Time to open all the closed factories in US. Plenty of empty buildings that need repair. Tell welfare recipients, if you want money, time to start working.
Kevin is sounding a lot more conciliatory on tariffs than he has over the past few weeks. Hopefully, Howard and Pete do the same thing. Burning down the stock market only hurts Americans. It doesn’t hurt China or the EU.
Wah, wah, wah would you like cheese with that WHINE?
Yep. “I LOVE Trump and I voted for him 3 times BUT…blah blah blah.
Lest you forgot, MAGA is for re-invigorating & empowering MAIN STREET, not Wall Street.
Multinational corporations are NOT our friends.
401k’s have taken a hit, but if we get manufacturing up and running, pensions will be invested in American stocks.
The stock market is rigged, theaterical b.s.
The GameStop kids showed that for the world to see.
Ask “AI”:
America’s Medicine from China
The claim that 80 percent of America’s pharmaceutical drug supply comes from China is often cited but is inaccurate. According to a Reason report, this figure is overstated and misleading.13 More accurate data suggests that China manufactures around 9 percent of America’s generic drugs, while India manufactures 25 percent.3 The global supply chain for pharmaceutical drugs is more diverse than the “80 percent from China” statistic suggests, and there are only three drugs on the WHO’s “essential medicines” list that the United States sources solely from China.
Huh?
Setting aside the problem of illegal drugs coming into tbe U.S., production of pharmaceuticals is a bjg issue. The underlying issue for all drugs is the supply train, but access to necessary drugs is something we need to ensure. We must manufacture here:
https://www.cidrap.umn.edu/report-details-where-top-100-brand-name-rx-drugs-are-made
https://www.usatoday.com/story/money/2025/03/15/trump-tariffs-prescription-drug-shortages/81804811007/
Problem of illegal drugs, which is a part of the overall drug problem President Trump is trying to solve:
https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-closes-de-minimis-exemptions-to-combat-chinas-role-in-americas-synthetic-opioid-crisis/
that feeling I get after watching Hassett on Fox News.
Google to Spend $75 Billion on AI Infrastructure Despite Tariff Tensions
Alphabet (NASDAQ:GOOG) is moving ahead with its plan to invest $75 billion in data center infrastructure, even as U.S. tariff policy shifts create uncertainty for hardware imports.
Speaking at the Google Cloud Next Conference 2025 on Wednesday, CEO Sundar Pichai said the company’s 2025 capital expenditure will focus on expanding its data centers and server capacity to support artificial intelligence compute needs and its cloud business. This will support our customers across the board, he noted.
Despite rising hardware costs due to trade policy, Alphabet joins Amazon (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), and Microsoft (NASDAQ:MSFT) in continuing large-scale infrastructure investments through 2025. Google Cloud executive Sachin Gupta told Reuters that while tariffs could raise input costs, customer demand still supports the expansion.
On the same day, President Trump announced a temporary easing of tariffs on dozens of countries, while tightening trade measures targeting China.
https://finance.yahoo.com/news/google-spend-75-billion-ai-134816774.html
Nvidia to mass produce AI supercomputers in Texas as part of $500 billion U.S. push
Published Mon, Apr 14 2025 10:37 AM EDT
Nvidia, the chipmaker that powers much of today’s artificial intelligence boom, on Monday announced a push to produce NVIDIA AI supercomputers entirely in the U.S. for the first time.
The company said it plans to produce up to $500 billion of AI infrastructure in the U.S. via its manufacturing partnerships over the next four years.
“Adding American manufacturing helps us better meet the incredible and growing demand for AI chips and supercomputers, strengthens our supply chain and boosts our resiliency,” CEO Jensen Huang said.
The news comes after President Donald Trump, in a push to take on trade deficits and pressure companies to on-shore more manufacturing to the U.S., imposed high “reciprocal” tariffs on a long list of countries. Trump placed a 32% tariff on products from Taiwan, where Nvidia largely manufactures its graphics processing units, or GPUs, and 145% tariffs on products from China, a move that threatened to take a toll on tech giants like Apple, which makes iPhones and most of its other products in China.
But things changed quickly: On Friday evening, Trump exempted chips, as well as smartphones, computers, and other tech devices and components, from the tariffs. On Sunday, he reportedly said he would announce tariffs on imported semiconductors within the week.
https://www.cnbc.com/2025/04/14/nvidia-to-mass-produce-ai-supercomputers-in-texas.html
We should believe that only when it actually happens – when the alleged factories actually start production. There was a lot of big talk about companies returning to American manufacturing in PDJT’s first term that never came to reality….
It takes years for a semiconductor fab to get up and running. The TSMC fab in Arizona is just starting.
I’d bet you dollars to donuts that if the owners / investors really wanted to start producing profits, they could get one of those up and producing in a year.
I think they delay progress hoping that U.S. politics change and they can drop the project and go back to the foreign factories.
That depends.
Are they building from scratch, or repurposing an Intel fab plant ?
Intel has more than a few shuttered plants here.
They could be up and running in a matter of months.
TSMC Intends to Expand Its Investment in the United States to US$165 Billion to Power the Future of AI
Mar. 4, 2025 – TSMC (TWSE: 2330, NYSE: TSM) today announced its intention to expand its investment in advanced semiconductor manufacturing in the United States by an additional $100 billion. Building on the company’s ongoing $65 billion investment in its advanced semiconductor manufacturing operations in Phoenix, Arizona, TSMC’s total investment in the U.S. is expected to reach US$165 billion. The expansion includes plans for three new fabrication plants, two advanced packaging facilities and a major R&D team center, solidifying this project as the largest single foreign direct investment in U.S. history.
Through this expansion, TSMC expects to create hundreds of billions of dollars in semiconductor value for AI and other cutting-edge applications. TSMC’s expanded investment is expected to support 40,000 construction jobs over the next four years and create tens of thousands of high-paying, high-tech jobs in advanced chip manufacturing and R&D. It is also expected to drive more than $200 billion of indirect economic output in Arizona and across the United States in the next decade. This move underscores TSMC’s dedication to supporting its customers, including America’s leading AI and technology innovation companies such as Apple, NVIDIA, AMD, Broadcom, and Qualcomm.
“Back in 2020, thanks to President Trump’s vision and support, we embarked on our journey of establishing advanced chip manufacturing in the United States. This vision is now a reality,” said TSMC Chairman and CEO Dr. C.C. Wei. “AI is reshaping our daily lives and semiconductor technology is the foundation for new capabilities and applications. With the success of our first fab in Arizona, along with needed government support and strong customer partnerships, we intend to expand our U.S. semiconductor manufacturing investment by an additional $100 billion, bringing our total planned investment to $165 billion.”
https://pr.tsmc.com/english/news/3210
From an engineer who knows fabs:
I heard news of UV lithography in China is now at the 2 nm level, with some work at 1 nm. This is better than what is being done at TSMC or Intel fabs. The Dutch equipment was not allowed to be sold to China so they designed their own in about five years. I expect they will get to sub-nanometer levels within a year or two. The West does not understand just how many engineers graduate in China every year. Reverse engineering teaches you how the West did it. Then you improve on that by making your own from scratch.
I would shake the ground in and around any fabs on Taiwan to interfere with their clean rooms. It takes a few months to get them down to production cleanliness.
The idea that China would invade their own land to get technology they have surpassed is ludicrous. Engineering moves pretty quickly once the problem areas have been published.
Trump does Tim Apple a solid’: Investors cheer smartphone tariff exemption despite mixed White House signals
President Trump stoked confusion this past weekend about tariffs on smartphones, but investors are viewing an electronics exemption announced Friday night as an important win for Apple (AAPL) and other China-dependent technology giants.
The move is also feeding a growing sense that Trump has a willingness to listen and bend on tariffs — as long as the aggrieved party has the political pull to get the president’s ear.
The president said these products are simply moving to a different tariff “bucket” but then offered a series of comments suggesting Apple and others could be in line for help.
Asked specifically about Apple products Monday in the Oval Office, Trump said, “I’m a very flexible person,” adding that “there will be maybe things coming up, I speak to Tim Cook, I helped Tim Cook recently.”
He also noted on Monday: “I’m looking at something to help some of the car companies.”
Either way, the fact remains that Trump has offered at least a temporary boost to companies with close links to China, and investors are responding by sending stocks of directly impacted companies like Apple and Dell (DELL) higher on Monday morning.
https://finance.yahoo.com/news/trump-does-tim-apple-a-solid-investors-cheer-smartphone-tariff-exemption-despite-mixed-white-house-signals-124235436.html
Man, this is going to be a wild ride.
Buckle up,or maybe giddie up, but I’m here for it.