Over 50 nations wish to begin commerce talks with US as Trump calls reciprocal tariffs ‘a good looking factor’ | World Information

Throughout current interviews, Treasury Secretary Scott Bessent performed down the inventory market’s deep plunge and stated that there was “no motive” to count on a recession because of the reciprocal tariffs. “That is an adjustment course of,” he added.

Commerce Secretary Howard Lutnick said that the reciprocal tariffs may be applied as introduced by President Trump and deliberate by the group. Whereas one other Trump adviser, Kevin Hassett, claimed that over 50 nations have contacted the White Home to barter a commerce cope with the US.

Bessent additionally stated that greater than 50 international locations have began negotiations with the US over commerce talks after the announcement of reciprocal tariffs by President Trump final Wednesday.

On Friday, all three main inventory indices in US nosedived by about 5% whereas the S&P 500 dropped virtually 6%, within the worst week for the US inventory market since COVID-19 struck the world in 2020.

In a submit on Reality Social, Trump stated “Now we have large monetary deficits with China, the European Union, and lots of others. The one means this drawback may be cured is with TARIFFS…They’re already in impact, and a good looking factor to behold.”

Israeli Prime Minister Benjamin Netanyahu is within the US to satisfy Trump and have commerce talks. Netanyahu is poised to hunt a reprieve from a 17% tariff on the nation’s items, as he meets the US president on Monday.

Taiwan’s President Lai Ching-te supplied a zero tariff to be able to provoke talks with the US and vowed to take away commerce boundaries.