Technology3/17/2026•Gizmodo

Trump Advisor Says Pain for U.S. Consumers 'Last of Our Concerns' as Other Countries Start Gas Rationing

Trump Advisor Says Pain for U.S. Consumers 'Last of Our Concerns' as Other Countries Start Gas Rationing

Donald Trump’s top economic advisor, Kevin Hassett, was asked about rising gas prices during an interview on Tuesday, due entirely to the president’s decision to launch a war with Iran. Hassett was largely dismissive of the idea that people should be worried, going so far as to say that rising prices for consumers were the “last of our concerns,” even as countries like Australia and the UK start talking about potentially rationing gas. “There are many questions about how long this will last, how long the Strait of Hormuz will be closed,” CNBC host Becky Quick asked Tuesday morning. “And I just wonder how you’re starting to figure this out, how you’re starting to try and anticipate what that will mean for prices.” Hassett insisted that President Trump has been clear that this will be a 4-6 week war, something that’s simply not true. Trump has only said that the war will be done “soon” and when asked for specifics, typically says that it won’t be ending “this week,” as he did Tuesday at the White House. “Iran’s strategy appeared to be that they could hurt the U.S. economy, and then that would make President Trump slow down,” Hassett said. “In fact, they’re not hurting the U.S. econom

Source: For the complete article, please visit the original source link below.

Source: GizmodoEnhanced summary
Share:

Related Articles

Bloomberg logo
💻 Technology7h ago•1 min read

Temasek CIO Says AI, Inflation Pose Biggest Market Risks in 2027

Bloomberg logo
💻 Technology7h ago•1 min read

Ray Dalio Warns AI Bubble Is Approaching Burst Point

Bloomberg logo
💻 Technology8h ago•1 min read

AMD’s Su to Meet Samsung’s Chip Head as Memory Crunch Persists

Bloomberg logo
💻 Technology8h ago•1 min read

‘King of Africa’ Smartphone Maker Seeks $428 Million in HK Debut

Bloomberg logo
💻 Technology9h ago•1 min read

Robinhood's Kerbrat on Business Strategy, Crypto

Bloomberg logo
💻 Technology9h ago•1 min read

Hines Global CIO on Real Estate, Rising Rates