More than 50 countries have communicated with the White House to begin commercial conversations, said a main economic advisor to the president of the United States, Donald Trump, while officials sought to defend new radical tariffs that have unleashed global agitation.
During an interview in ABC News’ The ‘This Week’ program, the director of the US National Economic Council, Kevin Hasett, denied that tariffs were part of a Trump strategy to place financial markets to press the United States Federal Reserve to reduce interest rates. He said there would be no “political coercion” of the Central Bank.
In a real social publication on Friday, Trump shared a video that suggested that his tariffs aimed to mark the stock market on purpose in an attempt to force lower interest rates.
In a separate interview in NBC News’ The ‘Meet the Press’ program, the United States Treasury Secretary, Scott Besent, minimized the fall of the stock market and said that “there was no reason” to anticipate a recession based on rates.
Trump shook economies around the world after announcing large tariffs on US imports on Wednesday, causing retaliation levies of China and causing fears of a commercial war and world recession.
The interview programs on Sunday morning, Trump’s senior officials sought to portray rates as an intelligent repositioning of the United States in the global commercial order and economic interruptions as short -term consequences.
American actions have fallen by about 10 percent in the two days since Trump announced a new global tariff regime that was more aggressive than analysts and investors had been anticipated.
It is a fall that market analysts and large investors have blamed Trump’s aggressive impulse to tariffs, that most economists and the head of the United States Federal Reserve believe that the risk of stealing inflation and harmful economic growth.
The markets attenuated with rates face another week of possible tariff agitation, with the consequences of Trump’s import levies keeping investors at the point of the worst week for US actions since the beginning of the COVID-19 crisis five years ago.
Hasset told him ABC News That Trump’s tariffs had so far driven “more than 50” countries to contact the White House to start commercial conversations.
The president of Taiwan, Lai Ching-Te, on Sunday, offered zero tariffs as a basis for conversations with the United States, promising to eliminate commercial barriers instead of imposing reciprocal measures and saying that Taiwanese companies will increase their investments in the United States.
Unlike other economists, Hasset said he did not expect great success for consumers because exporters would probably increase prices.
Besent told him NBC news that did not anticipate a recession -based recession, citing a stronger American jobs than was anticipated.
“We could see in the number of jobs on Friday, which was well above expectations, which we are moving forward, so I don’t see any reason why we have to set the price on a recession,” Besent said.
