Tariffs have been widely criticized worldwide for threatening to push the global economy to a recession.
More than 50 countries have directly contacted the White House to initiate commercial conversations after the imposition of US President Donald Trump of broad punitive tariffs, administration officials said.
The tariffs, which caused a fall of almost $ 6 billion in the values of the US shares. Last week and the mistreated global markets, they have caught worldwide attention and caused fears of a possible economic recession. But the Trump administration has minimized that and potential possible catastrophic economic consequences.
Meanwhile, investors nervously expected the opening of US merchants. UU. After the sale of Wall Street last week, anticipating another week of turbulence as other nations react. Asian markets will open in the next few hours and wait for a difficult day.
In a series of interviews with interview programs on Sunday morning, Trump’s main economic advisors defended tariffs, describing them as a strategic movement to strengthen the position of the United States in global trade.
The Secretary of the Treasury, Scott Besent, revealed that more than 50 nations had begun to negotiate with the US. Since the tariffs were announced on Wednesday, but did not reveal the countries involved.
Besent said that tariffs gave Trump “maximum leverage”, although its impact on the United States economy remains uncertain. He dismissed the concerns about a recession, citing an unexpectedly strong growth in the United States.
Trump’s broad tariffs entered into force on Saturday.
The initial 10 percent rate of “baseline” entered into force in sea ports, airports and customs stores in the United States, marking the beginning of Trump’s total rejection of the system after the Second World War of World War of mutually agreed fees.
A decrease in the US GDP.
Despite this, economists have warned that tariffs could lead to a decrease in the Gross Domestic Product (GDP) of the United States, with JPMorgan economists reviewing their growth prognosis of a 1.3 percent increase to a 0.3 percent decrease.
Tariffs, aimed at pressing foreign governments to make concessions, have also triggered retaliation levies, including China’s strong, which increases the fears of a global commercial war.
American allies such as Taiwan, Israel, India and Italy have already expressed interest in negotiating with the United States to avoid tariffs.
The Taiwanese leader, Lai Ching-Te, offered zero tariffs as a basis for conversations, while Israeli Prime Minister Benjamin Netanyahu sought relief of the 17 percent tariff on Israeli goods.
Meanwhile, the United States continues to implement tariffs, with greater “reciprocal” tasks that are expected to enter into force on Wednesday.
Critics have expressed concerns about the method used to determine tariffs, especially after they applied to some remote and uninhabited territories.
The Secretary of Commerce, Howard Lutnick, defended the strategy, claiming that it aimed to prevent countries from avoiding tariffs with lagoons.
