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Hassett: Tariff revenue is expected to help reduce deficit and support bond markets

Internet reported that White House Economic Adviser Hassett: (Talking about Trump's tariff suspension) Everything is proceeding in an orderly manner. Bond markets may have influenced the tariff decision, but did not trigger a panic reaction. Negotiations are "feasible" within a 90-day timeframe, and tariff revenue is expected to help reduce the deficit and support bond markets. A "special" agreement is needed to reduce tariffs below 10%, and President Trump must create leverage to start negotiations.

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