US President Donald Trump said on Sunday that foreign governments had to pay “a lot of money” to increase the customsizers, which he called “medicine”, since the financial markets could provide another week with steep losses.
With reporters on board the Air Force One, Trump stated that he was not a concern about market losses that have already wiped out almost 6 trillion US dollars from US shares.
“I don’t want something to go under. But sometimes you have to take medication to repair something,” he said.
Trump said that at the weekend he spoke to leaders from Europe and Asia who would have convinced him to reduce the tariffs of up to 50 percent that come into force this week.
“They come to the table. They want to talk, but there is no conversation unless they pay us a lot of money every year,” he said.
Trump’s tariff announcement last week condemned the economies all over the world, triggered retaliation from China and triggered the fears from a global trade war and a recession.
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On Sunday morning, the top management of the President tried to present the tariffs as an experienced repositioning of the United States in the global trade regulations.
They also tried to minimize the economic shocks of the turbulent rollout last week last week. The Wall Street Stock Futures opened greatly on Sunday to get further turbulence.
The US Finance Minister Scott Bessent said that more than 50 nations had started negotiations with the United States since last Wednesday.
“He has created maximum leverage for himself,” said Bessent at NBCS Meet the press.
Neither better nor the other officials gave the countries or gave details of the conversations. At the same time, negotiation with several governments could be a logistical challenge for the Trump administration and extend economic uncertainty.
Bessent said there was “no reason” to anticipate a recession and quoted in the last month before the tariffs were announced.
JPMorgan economists now appreciate that the tariffs lead to the gross domestic product in the United States decreasing by 0.3 percent, which is due to earlier growth of 1.3 percent and that the unemployment rate will increase to 5.3 percent compared to the current 4.2 percent.
The Republican President spent the weekend in Florida, played Golf and released a video of his swing to social media on Sunday.
Some countries are looking for a creation
US customs lagers began to collect Trump’s one -sided 10 percent tariff for all imports from many countries on Saturday. Higher “mutual” tariff rates of 11 to 50 percent in individual countries will become an effect on Wednesday at 12:01 p.m. Some governments have already signaled the willingness to deal with the United States to avoid duties.
The Taiwanese President Lai Ching-Tte offered no tariffs on Sunday as the basis for discussions with the United States, promised to remove and say that Taiwanese companies would increase their US investments.
Israeli Prime Minister Benjamin Netanyahu said that during a planned meeting with Trump on Monday he would get a 17 percent tariff on the country’s goods.
An Indian government official announced Reuters that the country is not planning to return to a tariff of 26 percent, and that the talks with the USA are underway.
The markets probably seem to be tank
The markets with tariff disorders have been exposed to potential turbulence after the worst week since the beginning of the Covid 19 crisis five years ago.
The S&P Composite 1500 index has extinguished a significant blow to millions of Americans of retirement nest since mid-February for the widest measurements of the US market for the US dollar.
US President Donald Trump shows no signs of resisting his tariffs, even after the Dow Jones 2,200 points -the worst conclusion since 2020 -, while the global markets for a second day have also been refueled, which raises the fears of a longer global recession.
The White House’s Economic Advisor, Kevin Hassett, denied that the tariffs were part of a Trump strategy to overthrow the financial markets in order to put the US Federal Reserve under pressure. He said there was no “political compulsion” of the central bank.
In a social post of truth on Friday, Trump announced a video in which his tariffs aimed to deliberately hammer the stock market in order to force lower interest rates.
The social media post authorized the global debate as to whether Trump’s tariffs were part of a constant new tariff or simply a negotiation tactic that could lead to the tariffs to be relieved by other countries.
