More than 50 nations have approached the White House to start trade talks, according to a top economic adviser to US President Donald Trump. This comes as American officials try to defend the new tariffs that have caused global tension and market unrest.
Speaking on ABC News’ This Week, Kevin Hassett, Director of the US National Economic Council, dismissed claims that the tariffs were a tactic by Trump to crash the markets and force the US Federal Reserve to lower interest rates.
“I got a report from the USTR last night (the office of the US trade representative) that more than 50 countries have reached out to the president to begin a negotiation. But they are doing that because they understand that they bear a lot of the tariff,” Hassett said.
He added there was no “political coercion” of the central bank.
Speculations about Trump’s pressure on the Federal Reserve were made when the US president shared a video on his Truth Social post where he signalled that his tariffs were meant to spur a bloodbath in the stock market to force the central bank to lower interest rates.
Content retrieved from: https://www.firstpost.com/world/more-than-50-nations-in-contact-with-white-house-to-start-trade-talks-following-tariff-blow-13877715.html.
