More than 50 nations addressed the White House to launch commercial interviews because US President Donald Trump introduced new tariffs, said the highest officials on Sunday, defending fees that erased almost $ 6 trillion last week from US stocks and reducing the economic fall.
On Sunday, the Talk Show in the morning’s highest economic advisors tried to portray tariffs as a subtle relocation of the US in the global business order. They also tried to minimize the economic gradient of last week of turbulent introduction, before the expected bumpy opening of the Asian stock markets.
Finance Minister Scott Bessnt said that since last Wednesday’s announcement has launched more than 50 nations and put Trump into power.
Neither Bessnt nor the countries nor have given the countries nor gave details of the interviews. However, the leadership of current negotiations with so many countries could suddenly be a huge logistics challenge for Trump’s administration. It is not clear how long such talks will last.
Taiwan’s President Lai Ching-TE offered zero tariffs on Sunday as the basis for interviews with the US, committed to eliminate business barriers and say that Taiwanese companies would increase their investments in the US.
“He created a maximum lever effect for himself,” Bessnt said in the NBC “Meet the Press.”
Bessnt has fallen on the stock market:
Bessent has fallen down the decline in the stock market and said there was no reason to anticipate a recession based on tariffs and quoted stronger than expected growth in US jobs.
“On Friday we could see from the job issues, it was significantly beyond the expectation that we were moving forward, so I see no reason why we have to prize in the recession,” Bessnt said.
Trump pulled out the economies around the world after announced wide tariffs on American imports, launched retaliatory fees from China and raised concerns about the global trade war and recession.
In two days, US stocks have been more aggressive than analysts and investors expected US stocks to decrease by approximately 10%within two days since Trump and investors expected US stock shares.
Analysts and large investors blamed the decline in the stock market on Trump’s tariff pressure, which most economists and the head of the US federal reserve system believe that the risk causes inflation and damaging economic growth. JPMorgan economists now estimate that tariffs will lead to a decrease in gross domestic product by a year -round by 0.3%, which is a decline in an earlier growth estimate and that the unemployment rate now increases to 5.3%.
Unified Front:
The markets of tingling tariffs face another week of potential confusion after the worst week for US stocks since the beginning of the Covid-19 crisis five years ago.
The S&P 1500 composite index, among the widest US market measures, has lost almost $ 6 trillion in two days after the announcement of Trump, and has erased nearly $ 10 trillion since mid -February, a significant blow to millions of US impact nesting eggs.
During an interview on ABC News ” this week, director of the US National Economic Council, Kevin Hassett denied that tariffs were part of Trump’s strategy that would come across financial markets to push the US federal reserve to reduce interest rates and say that political pressure “.
In truth, the social post on Friday Trump shared a video proposed by its tariffs, which aimed to deliberately hammer the stock market in an effort to enforce lower interest rates.
The post of social media prompted a global debate on whether Trump’s tariffs were part of a permanent new tariff regime or simply a negotiating tactic that could lead to the release of tariffs through concessions of other countries.
Trade Minister Howard Lutnick has proposed in the CBS “Face The Nation” reports that they could be the latter and claim that tariffs will remain on the spot “for days and weeks”. He said that mutual tariffs will be listed as plan 9 April.
The process used to determine the tariffs came under control last week after they were applied to the uninhabited Antarctic Islands inhabited by penguins and other small distant places.
Lutnick said a comprehensive approach was needed so that small countries could not use larger countries to circumvent tariffs.
“Basically (Trump) said,” I can’t let any part of the world be a place where China or other countries could be sent to them, “Lutnick said.
Billionaire Elon Musk, Trump advisor, said on Saturday that he hoped to see complete freedom of trade between the US and Europe in the future.
Peter Navarro, a Trump business advisor, rejected the idea of a contradiction between Musk and Trump’s administration over customs policy, but said that Tesla was looking for his business interests.
“There is no crack,” said Navarro Fox News ” Sunday Morning Futures. “
(Tagstotranslate) American tariffs
