- Trump officials defend the prices after the Rocky deployment.
- Hassett denies the prices that are part of Trump’s plan to crash into the markets.
- The officials highlight the lever effect with other nations.
More than 50 nations contacted the White House to start commercial negotiations since US President Donald Trump deployed new prices, senior officials said on Sunday when they defended samples that wiped out nearly 6 billions of dollars of American stocks last week and minimized economic benefits.
During the Talk-show on Sunday morning, Trump’s best economic advisers sought to portray prices as a wise repositioning of the United States in the world of world trade. They also attempted to minimize the economic benefits of the tumultuous deployment of last week, before the Monday opening of Asian stock markets Monday.
The Treasury Secretary, Scott Bessent, said that more than 50 nations had started negotiations with the United States since last Wednesday’s announcement, putting Trump in power.
Neither besides the other officials named countries nor offered details on the talks. However, the holding of simultaneous negotiations with so many countries at the same time could potentially pose a huge logistical challenge for the Trump administration. It is not known how long such talks would last.
On Sunday, the president of Taiwan, Lai Ching-Te, did not offer any rate as a base of talks with the United States, committing to withdraw the commercial barriers and to say that Taiwanese companies will increase their American investments.
“He created a maximum lever effect for himself,” said Bessent on NBC News” Meet the press. ‘
Bessen minimized the fall in the stock market and said that there was “no reason” to anticipate a prices based, citing the growth of American jobs stronger than expected.
“We were able to see the number of jobs on Friday, which was well above expectations, that we are going ahead, so I don’t see any reason that we have at prices in a recession,” said Bessent.
Trump has shaken savings from around the world after announcing large prices on American imports, triggering levies of reprisals from China and arousing fears of a trade war and a global recession.
American shares have dropped by around 10% in the two days since Trump announced a new global pricing regime that analysts and investors were planning.
Analysts and major investors blamed the fellowship market on Trump’s pricing thrust, which most economists and the head of the American federal reserve believe in risking inflation and harmful economic growth. JPMorgan economists now estimate that prices will lead to a drop in gross domestic product in full year of 0.3%, down compared to an earlier estimate of 1.3% growth, and that the unemployment rate will increase to 5.3% against 4.2% now.
Unified front
The tariff markets have faced another week of potential disorders after the worst week for American actions since the start of the COVVI-19 crisis five years ago.
The S&P 1500 composite index, among the widest measures on the American market, lost nearly 6 billions of dollars of value during the two days of Trump’s announcement, and had nearly 10 billions of dollars annihilated since mid-February, an important blow for millions of retirement nesting eggs.
During an interview on ABC News“ This week ”, the director of the United States National Council, Kevin Hassett, denied that the prices were part of a Trump strategy to crush the financial markets to put pressure on the American federal reserve to reduce interest rates, saying that there would be no “political coercion” of the central bank.
Friday, in a social article of truth, Trump shared a video that suggested that his prices aimed to hammer the express stock market in order to force interest rates.
The social media post fueled the world debate on the question of whether Trump’s prices were part of a new permanent tariff regime or simply a negotiation tactic that could lead to the attenuation of prices by other countries.
Commerce secretary, Howard Lunick, suggested on CBS News ‘Face The Nation’ that they could be the latter, saying that the prices would remain in place “for days and weeks”. He said the reciprocal prices would be deployed as planned on April 9.
The process used to determine the prices was examined last week after being applied to uninhabited antarctic islands populated by penguins and other distant small places.
Lutnick said that a global approach was necessary for small nations not to be used by large countries to bypass prices.
“Basically, (Trump) said:” I cannot let any part of the world be a place where China or other countries can ship them “,” said Lodnick.
Billionaire Elon Musk, a Trump advisor, said on Saturday that he hoped in the future to see total freedom of commerce between the United States and Europe.
Peter Navarro, a Trump sales advisor, rejected the idea of a gap between Musk and the Trump administration on pricing policy, but said Tesla CEO was looking for his commercial interests.
“There is no flaw here,” said Navarro Fox News‘Sunday Morning Futures. ‘