EconomyLens.com
No Result
View All Result
Monday, August 25, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

World scrambles to temper Trump tariffs: White House

David Peterson by David Peterson
April 6, 2025
in Economy
Reading Time: 4 mins read
A A
4
44
SHARES
551
VIEWS
Share on FacebookShare on Twitter

US President Donald Trump has remained defiant in the face of global turmoil over his tariffs. ©AFP

Washington (AFP) – More than 50 countries have sought talks with President Donald Trump in a scramble to ease punishing tariffs on exports to the United States, the White House said Sunday, as trade partners braced for fallout. The Republican has remained defiant since unleashing the blitz of levies on stunned countries around the world Wednesday, insisting that his policies “will never change” even as markets went into a tailspin.

Related

China Evergrande Group delisted from Hong Kong stock exchange

India’s Modi dangles tax cuts as US tariffs loom

Canada removing tariffs on US goods compliant with free trade deal

German, French post offices restrict packages to US over tariffs

US Fed chair opens door to rate cut as Trump steps up pressure

But his staggered deadlines have left space for some countries to negotiate, even as he insisted he would stand firm and his administration warned against any retaliation. “More than 50 countries have reached out to the president to begin a negotiation,” Kevin Hassett, head of the White House National Economic Council, told ABC’s This Week on Sunday, citing the US Trade Representative. He said they were doing so “because they understand that they bear a lot of the tariffs,” as the administration continues to insist that the duties would not lead to major price rises in the United States. “I don’t think that you’re going to see a big effect on the consumer in the US,” he said.

Treasury Secretary Scott Bessent also told NBC’s Meet the Press that 50 countries had reached out. But as for whether Trump will negotiate with them, “I think that’s a decision for President Trump,” Bessent said. “At this moment he’s created maximum leverage for himself…I think we’re going to have to see what the countries offer, and whether it’s believable,” Bessent said. Other countries have been “bad actors for a long time, and it’s not the kind of thing you can negotiate away in days or weeks,” he claimed.

Trump has long insisted that countries around the world that sell products to the United States are in fact ripping Americans off, and he sees tariffs as a means to right that wrong. But many economists have warned that tariffs are passed on to consumers and that they could see price rises at home. Meantime, the uncertainty over trade and manufacturing has helped fuel a days-long panic in global markets.

© 2024 AFP

Tags: Donald Trumptariffstrade
Share18Tweet11Share3Pin4Send
Previous Post

Vietnam seeks US tariff delay as economic growth slows in first quarter

Next Post

Market panic mounts as world scrambles to temper Trump tariffs

David Peterson

David Peterson

Related Posts

Economy

Under Trump pressure, US Fed chief to walk tightrope in speech

August 22, 2025
Economy

Pressure on Merz as Trump tariffs hit German economy

August 24, 2025
Economy

EU gets 15% US tariff for cars, but fails to get wine reprieve

August 21, 2025
Economy

PlayStation prices rise as US tariffs bite

August 21, 2025
Economy

PlayStation prices rise as US tariffs bite

August 20, 2025
Economy

Trump raises pressure on Fed with call for governor to resign

August 20, 2025
Next Post

Market panic mounts as world scrambles to temper Trump tariffs

'Minecraft Movie' strikes gold to dominate N.America box office

China would have agreed TikTok deal if not for US tariffs: Trump

The music industry is battling AI -- with limited success

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

77

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

China Evergrande Group delisted from Hong Kong stock exchange

August 25, 2025

Asian markets rally on US rate cut hopes

August 25, 2025

Australia orders audit of crypto trading giant Binance

August 24, 2025

India’s Modi dangles tax cuts as US tariffs loom

August 24, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.