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The authorities promise to stay in progress while countries are jostling

remon Buul by remon Buul
April 6, 2025
in USA
0
The United States says that international humanitarian law should be followed in Gaza
Reuters Donald Trump holding a sign showing various rate ratesReuters

The advisers of US President Donald Trump defended the radical prices on imports and promised to save the course, despite the market disorders and the calls to avoid a trade war.

In a series of television interviews, the Treasury Secretary Scott Bessent played the recent stock market falls and Howard Larnick, the trade secretary, insisted on the reciprocal prices “arrive”.

Bessent said there was “no reason” to expect a recession following the bustle. “This is an adjustment process,” he said.

Meanwhile, another high -level advisor Kevin Hassett said that more than 50 countries had contacted Trump to try to negotiate an agreement.

The three main stock market indices in the United States plunged more than 5% on Friday, while the S&P 500 fell by almost 6% The worst week for the US stock market since 2020.

In a sign of continuous market fragility this week, the Saudi Arabia Stock Exchange – which is negotiated on Sundays – ended almost 7%, its strongest daily loss since the media of the pandemic and state.

The secretary of the Treasury in Reuters, Scott Bessent (left), illustrated with Trump and the commercial secretary, Howard Lungick (right) in the Oval Office in FebruaryReuters

Bessent (on the left) illustrated with Trump and the commercial secretary Howard Lutnick (right) in the oval office in February

Lutnick told CBS News on Sunday that the “basic” rate of 10% on all imports, which came into force a day earlier, will certainly remain in place for days and weeks “.

Lutnick continued saying that the more steep reciprocal rates were still on the right track.

Personalized prices higher on around 60 countries, nicknamed the “worst offenders”, should come into force on Wednesday, April 9.

Asked about these prices, Lutnick said they came. “(Trump) announced it and he was not joking,” he said.

‘Maximum lever’

Bessent used an interview with Meet The Press on NBC to say that Trump had “created a maximum lever effect for himself, and more than 50 countries approached the administration to reduce their non-pricing trade barriers, reduce their prices, stop the handling of currencies”.

Kevin Hassett, another high economic adviser from Trump, also repeated the assertion that more than 50 countries had expressed the desire to start negotiations. Neither Hassett nor Bessent gave no more details on the countries in contact.

Elsewhere, Indonesia and Taiwan said during the weekend that they would not impose reprisal rates after the United States announced a 32% levy on imports from the two countries.

The chief of Vietnam, in Lam, asked Trump to delay an obligation of 46% on Vietnamese exports to the United States by “at least 45 days”, according to a letter seen by the AFP news agency and the New York Times.

However, China announced on Friday that This will impose a rate of 34% On all American imports, from Thursday, April 10.

British Prime Minister Sir Keir Starmer warned on Saturday that “the world as we knew”.

Starmer said the British government will continue to put pressure on economic agreement with the United States, which avoids certain prices.

A Downing Street spokesperson added Starmer and the new Canadian Prime Minister Mark Carney agreed in a telephone call that “a total trade war is interested in anyone.”

Israeli Prime Minister Benjamin Netanyahu on Monday should meet Trump for business negotiations in Washington DC.

Netanyahu, addressing journalists while riding an airplane for the United States, said that he was “the first international leader who meets with Trump” since the new prices were introduced.

He says that it shows their “personal link and the link between our countries which is so essential at that time”.

Reuters demonstrators in New York have signs that say Reuters

Anti-Trump demonstrations took place in dozens of American cities, partly on the prices

Anti-Trump demonstrations have taken place in the United States cities During the weekendIn the biggest opposition national spectacle since the president took office in January.

Hundreds of thousands of people have been revealed in Boston, Chicago, Los Angeles, New York and Washington DC, among other cities, with demonstrators citing grievances with Trump’s agenda ranging from social issues to economic issues.

Trump urged the United States to “hang hard” after market disorders, but it remains to be seen how Asian markets will react when they opened on Monday.

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