Hassett confirmed to host Kristen Welker on Sunday that tariffs on America's largest trading partners—including the European Union , Japan, and South Korea—were

Friday in the immediate aftermath of sweeping new tariffs issued by President Donald Trump. A weak jobs report intensified the selloff, as a downward revision of prior estimates indicated a hiring slowdown had begun in May as initial tariffs took hold.

New US tariff rates are "pretty much set" with little immediate room for negotiation, Donald Trump's trade advisor said in remarks aired Sunday, also defending the president's politically driven levie

U.S. President Donald Trump and Canadian Prime Minister Mark Carney will likely talk "over the next number of days" after the U.S. imposed a 35% tariff on goods not covered by the U.S.-Mexico-Canada trade agreement,