5% Tariff 'Much Worse' for Mexico Than U.S., Hassett Says

The transcript covers various economic topics, including the impact of flooding on job numbers, the effects of tariffs on the steel and aluminum industries, and trade tensions with China. It also discusses the progress in US-Mexico trade talks and the economic advice given to the President regarding tariffs. Kevin addresses rumors about his departure from the Council of Economic Advisers and his future plans.

What are the potential risks and benefits of the trade talks with China?

What progress has been made in the talks with Mexico according to the speaker?

What are the implications of the tariffs on the US economy as discussed?