Kevin Haysit, a White House economist with critics, is escalating on the customs tariffs

The leading economic advisor to President Donald Trump stood against critics of the White House tariff plan, claiming that the “exaggerated” reaction would ignore how at the end the GDP (GDP) will be useful.

“I think the president will decide what the president will decide. There are more than 50 countries negotiating with the president,” said Kevin Haysit, director of the National Economic Council. On “Fox & Friends” Monday.

“But I urge everyone, especially Bell (Akman), to reduce the speech a little,” continued. “It is the idea that it will be” nuclear winter “or something like that is completely irresponsible.”

The shares fell on Monday after they turned into a short period of time, as President Trump defended his introduction to the main commercial partners.

The stocks are drowned for the third session in reviewing the customs tariff: direct updates

Dow Jones Industrial Malce decreased 800 points, or 2.2 %, while the S&P 500 and NASDAQ compound decreased by 1.7 % and 1.4 %, respectively.

Arrows continue to defeat Last week, when DOW 2,231.07 points decreased, or 5.5 %, while the S&P 500 and Nasdaq 5.97 % and 5.82 %, respectively, decreased in the closing bell on Friday. The Nasdaq Stock Exchange entered the bear market on Friday.

Billionaire Investor Bill Akman He called for a “deadline” for 90 days On Trump’s mutual tariff, the United States warns, providing “the economic nuclear winter season itself.”

In a lengthy post X on Sunday, the founder of the hedge funds administration, Perchang Square, argued that the United States “failed 100 % of the president from reforming a global system of customs tariff that deprives the country,” but stressed that the works “is a game of confidence and depends on confidence in confidence.”

His screaming continued: “The president has an opportunity to contact a 90 -day time, negotiate and resolve the unremitized asymmetric tariff deals … We are heading to the economic nuclear winter caused by himself, and we must start overcoming the descent.”

“The truth is that the 10 % foundation tariff is about 14 % of GDP. This relates to the amount of trade that we have, and the number of imports. Thus 86 % of GDP is affected by standard cancellation, tax cuts and everything else,” Hasit answered. “

“Many of us in the White House believed that these economic responses are exaggerated by critics,” expanded. “Even if we think there will be some negative impact from the commercial side, this is still a A small share of gross domestic product. “

The best economist said that the customs tariff speaks with Israel and Taiwan on Monday, as Trump took the social truth to unite that the United States brings “billions of dollars a week” from the definitions already in force in “hostile countries”.

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“In the end, President Trump will decide when the deal is good enough. I think it is interesting that many countries are lining up,” Hasit pointed out.

“Such policies, in his last term, helped American workers. After two decades of real wage growth in the United States, we got more than $ 6000 (families) after we got a tax tariff, tax discounts, and the elimination of standard restrictions. Thus, he doubles something he knows. He will continue to do so.”

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Matthew Casin and Daniel Wallace contributed to Fox Business.