More than 50 countries have reached the White House to start trade talks, a top economic advisor of US President Donald Trump said on Sunday that US authorities demanded protecting new tariffs, which have provoked global turmoil.
During an interview on ABC News this week, ‘US National Economic Council director Kevin Haset denied that Tariff Trump was part of a strategy to crash financial markets to cut interest rates on the US Federal Reserve.
He said that there would be no “political force” of the central bank. In a true social post on Friday, Trump shared a video, suggesting that his tariff aims to hammer the stock market in a bid to force low interest rates.
In a separate interview on NBC News Meat the Press, US Treasury Secretary Scott Besent reduced the stock market drop and said that there was no “reason” to estimate the recession based on tariffs.
Trump on Wednesday shocked economies around the world after announcing a broad tariff on American imports, trigger an anti -anticonvolent levy from China and feared a globe trade war and a recession.
At the talk show on Sunday morning, top Trump officials demanded to portray Tariff as a lover of America in global trade order and to portray economic disruption as a short -term decline.
In two days, US stocks have declined by about 10% as Trump announced a new global tariff regime that was more aggressive than analysts and investors were estimated.
This is a drop that market analysts and large investors have blamed the aggressive push on Trump’s tariff, which most economists and the head of the American Federal Reserve believe that it is believed to promote inflation and damage economic growth.
Tariff-stand markets face one more week of potential tariffs upheaval, with the collapse of Trump’s comprehensive import levy, investors with the collapse from Trump’s comprehensive import levy, keeping investors on the edge after the worst week for American shares since the onset of the Covid-19 crisis five years ago.
Haset had inspired ABC News “this week” “Trump’s tariffs so far” more than 50 “countries to contact the White House to start trade talks.
Taiwan President Lai Ching-Tay on Sunday offered zero tariffs as the basis of interaction with the US, implementing mutual measures and promising Taiwan’s companies to overcome business obstacles rather than raising their American investments.
Unlike other economists, Haset said they did not expect a big hit for consumers as exporters were likely to reduce prices.
Besent told NBC News that he did not estimate the recession on tariff basis, which is more and more anticipated from the development of American jobs.
“We can see from the number of jobs on Friday, it was above expectations, that we are moving forward, so I do not see any reason that we have to pay the price in the recession,” said Besant.
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