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2 days ago
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Source: AFP
More than 50 countries person sought talks with President Donald Trump successful a scramble to easiness punishing tariffs connected exports to the United States, the White House said Sunday, arsenic commercialized partners braced for fallout.
The Republican has remained defiant since unleashing the blitz of levies connected stunned countries astir the satellite Wednesday, insisting that his policies "will ne'er change" adjacent arsenic markets went into a tailspin.
But his staggered deadlines person near abstraction for immoderate countries to negotiate, adjacent arsenic helium insisted helium would basal steadfast and his medication warned against immoderate retaliation.
"More than 50 countries person reached retired to the president to statesman a negotiation," Kevin Hassett, caput of the White House National Economic Council, told CNN connected Sunday, citing the US Trade Representative.
He said they were doing truthful "because they recognize that they carnivore a batch of the tariffs," arsenic the medication continues to importune that the duties would not pb to large terms rises successful the United States.
"I don't deliberation that you're going to spot a large effect connected the user successful the US," helium said.
Treasury Secretary Scott Bessent besides told NBC's Meet the Press that 50 countries had reached out.
But arsenic for whether Trump volition negociate with them, "I deliberation that's a determination for President Trump," Bessent said.
"At this infinitesimal he's created maximum leverage for himself... I deliberation we're going to person to spot what the countries offer, and whether it's believable," Bessent said.
Other countries person been "bad actors for a agelong time, and it's not the benignant of happening you tin negociate distant successful days oregon weeks," helium claimed.
Trump has agelong insisted that countries astir the satellite that merchantability products to the United States are successful information ripping Americans off, and helium sees tariffs arsenic a means to close that wrong.
But galore economists person warned that tariffs are passed connected to consumers and that they could spot terms rises astatine home. Meantime, the uncertainty implicit commercialized and manufacturing has helped substance a days-long panic successful planetary markets.
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Source: AFP
