Countries Coming To Negotiating Table Amid Trump's Tariffs
4 weeks ago
President Donald Trump continues to defend his tariffs, describing them as a "very beautiful thing".
The White House says more than 50 countries have petitioned the President to negotiate a deal to avoid the new levies.
Trump said he had spoken to leaders from Europe and Asia over the weekend, who hope to convince him to lower tariffs as high as 50% due to take effect this week.
“They are coming to the table. They want to talk but there’s no talk unless they pay us a lot of money on a yearly basis," Trump said.
Trump's tariff announcement last week jolted economies around the world, triggering retaliatory levies from China and sparking fears of a global trade war and recession.
Investors and political leaders have struggled to determine whether Trump's tariffs are here to stay, or part of a permanent new regime or a negotiating tactic to win concessions from other countries.
On Sunday morning talk shows, Trump's top economic advisers sought to portray the tariffs as a savvy repositioning of the U.S. in the global trade order.
Treasury Secretary Scott Bessent said more than 50 nations had started negotiations with the U.S. since last Wednesday's announcement. "He's created maximum leverage for himself," Bessent said on NBC News' 'Meet the Press'.
Trump is now threatening even more tariffs on China if Beijing does not withdraw its retaliatory measures.
The White House says more than 50 countries have petitioned the President to negotiate a deal to avoid the new levies.
Trump said he had spoken to leaders from Europe and Asia over the weekend, who hope to convince him to lower tariffs as high as 50% due to take effect this week.
“They are coming to the table. They want to talk but there’s no talk unless they pay us a lot of money on a yearly basis," Trump said.
Trump's tariff announcement last week jolted economies around the world, triggering retaliatory levies from China and sparking fears of a global trade war and recession.
Investors and political leaders have struggled to determine whether Trump's tariffs are here to stay, or part of a permanent new regime or a negotiating tactic to win concessions from other countries.
On Sunday morning talk shows, Trump's top economic advisers sought to portray the tariffs as a savvy repositioning of the U.S. in the global trade order.
Treasury Secretary Scott Bessent said more than 50 nations had started negotiations with the U.S. since last Wednesday's announcement. "He's created maximum leverage for himself," Bessent said on NBC News' 'Meet the Press'.
Trump is now threatening even more tariffs on China if Beijing does not withdraw its retaliatory measures.
