Trump -Tariff -Onrus: White House officials claim that more than 50 countries want to start trading talks like the market fear cruel | Today news

More than 50 countries have reached out to the White House to start with US President Donald Trump since US President Donald Trump has rolled out with new rates, top officials said on Sunday when they defended the levies that wiped out nearly $ 6 billion from the US shares and took place. On Sunday morning, Trump’s top economic advisers tried to portray the rates as a smart repositioning of the US in the global trade order. They also tried to reduce the economic fallout from last week’s turbulent launch, before Monday’s expected bumpy opening of Asian stock markets. Treasury Secretary Scott Besent said more than 50 countries have started with the US since the announcement of last Wednesday, which put Trump in a position of power. Neither best nor the other officials mentioned the countries or offered details about the discussions. However, if you have simultaneous negotiations with so many countries, it could pose a major logistical challenge for the Trump administration. It is not clear how long such talks would last. Taiwan’s President Lai Ching-Te offered Nultarifies on Sunday as the basis for discussions with the US, which promised to remove trade barriers and say that Taiwanese companies will increase their US investments. “He created a maximum leverage for himself,” Bestent said on NBC News’ ‘Meet the Press’. Besent has reduced the decline of the stock market: Besent has reduced the decline of the stock market, saying that there is “no reason” to expect a recession based on the rates, citing the growth of US work in the US work. “We were able to see from the work number on Friday, it was far beyond the expectation that we were moving forward, so I see no reason we should praise in a recession,” Bestent said. Trump has hampered economies around the world after announcing broad tariffs on US imports, which caused retaliation of China levies and provoked the fear of a global trade war and recession. US stocks have fallen by about 10% in the two days since Trump announced a new global tariff regime that was more aggressive than analysts and investors expected. Analysts and major investors have blamed the stock market on Trump’s tariff, which most economists and the head of the US Federal Reserve believe that risks damage inflation and economic growth. JPMorgan economists now estimate that rates result in gross domestic product falling 0.3%, lower than an earlier estimate of 1.3%, and the unemployment rate will now rise to 5.3% from 4.2%. Unified Front: Tariff-minded markets are facing another week of possible unrest for the worst week for US stocks since the start of the Covid-19 crisis five years ago. The S&P 1500 Composite Index, among the largest measures of the US market, lost nearly $ 6 trillion in the two days after the announcement of Trump, and has wiped out nearly $ 10 trillion since mid-February, a significant blow to millions of Americans’ nose eggs. During an interview on ABC News’ ‘this week’, Kevin Hassett, director of the US National Economic Council, denied that the rates were part of a Trump strategy to crash financial markets to push the US federal reserve to lower interest rates and said there would be no “political coercive” of the central bank. In a truth social post on Friday, Trump shared a video suggesting that its rates are aimed at deliberately hammering the stock market in an effort to force lower interest rates. The social media post fueled the global debate on whether Trump’s rates were part of a permanent new tariff regime or merely a negotiating tactic that could lead to the rates being alleviated by concessions by other countries. Howard Lutnick, Secretary of Trade, suggested on CBS News ‘Face the Nation’ that they could be the latter and say that rates ‘days and weeks’ would remain in its place. He said the reciprocal rates would be rolled out as planned on April 9. The process used to determine that the rates were scrutinized last week after being applied to uninhabited Antarctic islands populated by penguins and other small, remote places. Lutnick said a comprehensive approach is needed, so that small countries could not be used by larger countries to bypass the rates. “Basically (Trump) said,” I can’t let any world be a place where China or other countries can send them through, “Lutnick said. Billionaire Elon Musk, a Trump adviser, said on Saturday that he hopes in the future to see complete freedom of US and Europe trade. Peter Navarro, a Trump trade adviser, rejected the idea of ​​a rift between Musk and the Trump administration on the tariff policy, but said the Tesla CEO is on the lookout for his business interests. “There’s no split here,” Navarro told Fox News ” Sunday Morning Futures. ‘