White House Council of Economic Advisers Chairman Kevin Hassett
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This is a breaking news story. Check back shortly for updates.
Kevin Hassett, an outgoing economic advisor to President Donald Trump, appeared on CNBC Monday.
Trump announced Sunday that Hassett will "shortly" leave his post as chairman of the White House Council of Economic Advisers. The president did not specify a time frame or a reason for the departure.
"Kevin Hassett, who has done such a great job for me and the Administration, will be leaving shortly. His very talented replacement will be named as soon as I get back to the U.S.," Trump tweeted.
Hassett, nominated to the White House role in 2017, worked with Trump senior advisor and son-in-law Jared Kushner on a proposed immigration plan and backed a move to end waivers of sanctions for countries that buy Iranian oil.
The departure comes at rocky times for the U.S. in its relations with Mexico and China. The threat of an escalated trade war between Washington and Beijing continues to persist, with talks between government officials stalled. Meanwhile, last week, Trump announced a 5% tariff on all Mexican goods, starting June 10, if that country does not substantially halt illegal immigration across the border.
— Reuters contributed to this report
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