Trump will use other tariff authorities to get to ‘same place’ if SC rules against him: Hassett

Watch on YouTube ↗  |  January 09, 2026 at 14:46  |  4:36  |  CNBC
Speakers
Kevin Hassett — Director, White House National Economic Council
David Faber — Anchor, Squawk on the Street / Media Analyst

Summary

National Economic Council Director Kevin Hassett discusses the latest jobs report, reshoring and capital spending, the possibility of high GDP growth without inflation, and the administration's plans if the Supreme Court rules against its tariff authority. He argues the economy is ramping up and that tariff deals can be preserved through other legal tools.

  • Kevin Hassett says reshoring is happening, with about 35 major factory groundbreakings since September.
  • He points to strong capital spending and nondefense capital goods orders and shipments.
  • Hassett argues a productivity shock can allow high growth without accelerating inflation, similar to the 1990s.
  • He expresses confidence the Supreme Court will side with the administration on tariffs.
  • If the Court rules against the APA tariff authority, he says other legal authorities can reproduce the trade deals immediately.
  • Hosts press him on Fed rates, the jobs report composition, and the upcoming Supreme Court tariff decision.
Ideas
Kevin Hassett Director, White House National Economic Council 0:30
US reshoring and capital spending are strong.
Reshoring is happening: since September there have been about 35 major factory groundbreakings negotiated with foreign and domestic companies, capital spending is strong, and nondefense capital goods orders and shipments are very strong. This supports US manufacturing and capital goods as the economy ramps up.
US manufacturing US capital goods HIGH
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This CNBC video, published January 09, 2026, features Kevin Hassett discussing US manufacturing, US capital goods. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Kevin Hassett  · Tickers: US manufacturing, US capital goods