Advertisement
Mr. Hassett defended Donald Trump’s tax cuts and trade policies in his first administration but has also acknowledged that tariffs can weaken economic growth.
President-elect Donald J. Trump selected Kevin Hassett on Tuesday to be the director of the White House National Economic Council, giving an adviser who served as his top economist during his first term a leading role in steering his economic agenda.
As the director of the N.E.C., Mr. Hassett will work closely with the Treasury secretary to push forward Mr. Trump’s economic plans, focused on cutting taxes, increasing tariffs and expanding energy production. The role is one of the most expansive in the administration and will put Mr. Hassett at the center of the most pressing policy debates.
“He will play an important role in helping American families recover from the Inflation that was unleashed by the Biden Administration,” Mr. Trump said in a statement. “Together, we will renew and improve our record Tax Cuts, and ensure that we have Fair Trade with Countries that have taken advantage of the United States in the past.”
Mr. Trump has been rounding out his economic team, having last week picked Scott Bessent to run the Treasury Department and Howard Lutnick, the former chief executive of Cantor Fitzgerald, to lead the Commerce Department. Those positions, unlike the N.E.C. directorship, require Senate confirmation.
Mr. Trump also selected Jamieson Greer, a lawyer and former Trump official, to lead the Office of the United States Trade Representative.
Mr. Greer is a partner in international trade at the law firm King & Spalding. During Mr. Trump’s first term, he served as chief of staff to Robert E. Lighthizer, the trade representative at the time. He was involved in the Trump administration’s trade negotiations with China, as well as the renegotiation of NAFTA with Canada and Mexico.
“Jamieson will focus the Office of the U.S. Trade Representative on reining in the Country’s massive Trade Deficit, defending American Manufacturing, Agriculture, and Services, and opening up Export Markets everywhere,” Mr. Trump said.
Although Mr. Trump has considered giving top economic jobs to Mr. Lighthizer and Peter Navarro, a China hawk who previously served as his trade adviser, the president-elect instead settled on candidates that some would view as more moderate.
Mr. Hassett was an economist at the American Enterprise Institute, a conservative think tank in Washington, when Mr. Trump chose him to serve as the administration’s top academic economist in 2017. In that role, he was a vocal defender of Mr. Trump’s tax cuts and trade policies. He departed the administration in mid-2019.
Since leaving Mr. Trump’s White House, Mr. Hassett has remained a close adviser to Mr. Trump, often lending credibility to economic ideas that many economists view as unconventional. Mr. Trump has called for even larger tariffs and has promoted tax cuts that some budget experts estimate could cost as much as $15 trillion over a decade.
While he has defended Mr. Trump’s trade policies publicly, Mr. Hassett brought a more traditionally conservative view of economics to the Trump administration and has acknowledged that tariffs — Mr. Trump’s trade weapon of choice — can weaken economic growth.
Mr. Hassett advised Mitt Romney, the 2012 Republican nominee, during his presidential run. His research has long focused on the potential to expand economic growth and middle-class earnings by cutting corporate tax rates.
When Mr. Hassett was tapped to join Mr. Trump’s first administration, he drew criticism from some of Mr. Trump’s supporters because of his work that argued that immigration spurs economic growth.
Jonathan Swan is a political reporter covering the 2024 presidential election and Donald Trump’s campaign. More about Jonathan Swan
Maggie Haberman is a senior political correspondent reporting on the 2024 presidential campaign, down ballot races across the country and the investigations into former President Donald J. Trump. More about Maggie Haberman
Alan Rappeport is an economic policy reporter, based in Washington. He covers the Treasury Department and writes about taxes, trade and fiscal matters. More about Alan Rappeport
Ana Swanson covers trade and international economics for The Times and is based in Washington. She has been a journalist for more than a decade. More about Ana Swanson
Advertisement