White House top economic adviser, Kevin Hassett, doubled down to ABC News' Rachel Scott that there will be no tariff exemptions.

National Economic Council Director Kevin Hassett joins Jake Tapper to respond to the growing economic fallout and concern over Trump’s tariffs.

In a dramatic move Wednesday, Trump authorized a 90-day pause in the higher tariffs for most countries he announced last week while maintaining a 10% universal tariff.

WASHINGTON ― President Donald Trump said he's considering temporary exemptions from his 25% tariffs on the auto industry to give car companies more time to transition to manufacturing in the U.S. Trump's remarks Monday from the Oval Office came after his administration last week excluded smartphones,

Uncertainty over tariffs has placed a pall over financial markets and fueled concerns of inflation and a possible recession.

Donald Trump has been fixated on the trade deficit recently. He keeps bringing it up to rationalize the sweeping tariffs he wants to impose on basically the entire world. But does the president even understand what it actually is?