The director of the US National Economic Council, Kevin Haysit, told ABC News on Sunday that more than 50 countries have contacted the White House to start trade negotiations, according to Reuters.
This comes at a time when US officials are seeking to defend the new comprehensive customs duties that authorized the start of global unrest.
Haysit, a senior adviser to US President Donald Trump, denied that customs duties are part of the president’s strategy to create a tremor in financial markets, which leads to pressure on the Federal Reserve (US Central Bank) to reduce interest rates.
He said that no political coercion will be practiced on the central bank.
On Friday, Trump posted a video on Friday, in which he indicated that the fees aim to deliberately affect the stock market, in an attempt to reduce interest rates.
In another interview with NBC News, US Treasury Secretary, Scott Besent, underestimated the importance of the decline in the stock market since Trump declared the imposition of customs duties, and said that “there is no reason” for the expectation of a recession based on customs duties.
Global economies were shaken after Trump announced the imposition of large -scale customs duties on US imports, on Wednesday, prompting China to respond by imposing fees, and raised concerns about a global trade war and economic recession.
On Sunday morning, senior Trump administration officials sought to photograph customs duties as a smart center of the United States in the global commercial system, and described economic turmoil as short -term repercussions.
American stocks fell about 10 percent during the two days, which followed Trump’s announcement of the new global customs duties system, which came strictly more strict than what analysts and investors expected.
Market analysts and senior investors attributed this decrease to Trump’s aggressive policy in imposing customs duties, which most economists and US Central Central believe are warning of exacerbation of inflation and damage to economic growth.
Markets affected by customs duties are facing possible unrest over another week, while the repercussions of the comprehensive Trump fees are kept on investor imports in a state of tension after the worst weekly performance of American shares since the start of the Coveyd-19 crisis 5 years ago.
“These fees have prompted” more than 50 countries “to communicate with the White House to start commercial talks.
On Sunday, the Taiwanese President Lay Cheng presented the cancellation of customs duties on Washington’s imports, as a basis for talks with the United States, pledging to remove Taiwan commercial barriers. He said that the Taiwanese companies will increase their investments in the United States.
Unlike other economists, Haysit said he does not expect a major impact on consumers because exporters will likely reduce prices.
Besent told the “NBC News” that he does not expect economic stagnation due to customs duties, pointing to the growth of jobs in the United States, which exceeded expectations.
He added: «We can see from the report of the number of jobs issued, on Friday, which exceeded expectations, that we are moving forward; So I do not see any reason that drives us to put the economic recession into account. ”
