Hassett's statements during his interview appearance on NBC News' Meet the Press shows that the White House intends to hold steady on its tariffs even as economic data raises concerns about the impact they may have on growth, prices, and job creation as well as lasting consequences for global trade.

After Canada failed to strike a trade deal with Washington, the president raised tariffs on some Canadian exports this week.

The tariffs target more than 65 countries, sparking fears it could drive up the cost of homebuilding and home prices.