WH Economic Adviser Hassett: Confident in success of tariff ruling appeal

In an interview with Fox Business Network on Thursday, Kevin Hassett, Director of the United States (US) National Economic Council (NEC), said that he is confident in the success of the tariff ruling appeal, per Reuters.

The Court of International Trade announced late Wednesday that US President Trump's 'Liberation Day' tariffs will be blocked from going into effect, explaining that Trump overstepped his authority by imposing across-the-board duties on imports from the US' trading partners.

Hassett further noted that the tariff ruling will not affect ongoing trade deals and added that three deals are basically done.

Market reaction

The US Dollar (USD) Index edged slightly lower with the immediate reaction to these remarks and was last seen losing 0.05% on the day at 99.82.