The tariffs were widely criticized worldwide because they threatened to bring the global economy into a recession.
More than 50 countries contacted the White House directly to initiate trade talks after US President Donald Trump was imposed by far-reaching punitive tariffs, administrative officers said.
The tariffs, which caused a decline in the US stock values of almost 6 trillion dollars last week, caused the global markets to attract attention worldwide and trigger fears of a possible economic downturn. But the Trump government has downplayed this and potential other catastrophic economic consequences.
In the meantime, investors awaited the opening of the US trade after the sale of Wall Street last week, expecting another week of turbulence while other nations react. The Asian markets will open in the coming hours and expect a rocky day.
In a number of talk show interviews on Sunday and Sunday, Trump’s top business consultant defended the tariffs and described them as a strategic step towards strengthening the US position in global trade.
Finance Minister Scott Bessent announced that more than 50 nations had started negotiations with the United States with the United States, since the announcement of the tariffs on Wednesday, but did not disclose the countries involved.
Bessent claimed that the tariffs had given Trump “maximum leverage”, although their effects on the US economy are still uncertain. He dismissed concerns about a recession and cited unexpectedly strong employment growth in the United States.
Trump’s far -reaching tariffs came into force on Saturday.
The initial tariff of 10 percent “basic lines” came into force in US seascids, airports and customs stores, which Trump’s full rejection of the system after the Second World War through mutually agreed tariff rates.
A decline in the USBIP
Nevertheless, the economists have warned that the tariffs could lead to a decline in the US gross domestic product (GDP).
The tariffs that aimed at bringing foreign governments to the task of making concessions have also triggered retaliation lines, including high statements from China, in order to conquer the fears of a global trade war.
US allies such as Taiwan, Israel, India and Italy are already interested in negotiations with the United States to avoid tariffs.
The Taiwanese guide Lai Ching-Te offered no tariffs as the basis for discussions, while Israeli Prime Minister Benjamin Netanyahu applied for a relief of the 17 percent tariff for Israeli goods.
In the meantime, the United States continues to implement tariffs, whereby higher “mutual” tasks come into force on Wednesday.
Critics have expressed concerns about the method of determining tariffs, especially after they were applied to some remote, uninhabited areas.
Commercial secretary Howard Lutnick defended the strategy and claimed that it prevented the countries from avoiding the tariffs with gaps.
