West Palm Beach, Florida – President Donald Trump said on Sunday that he does not withdraw from a wide tariff to import from most of the world, unless countries equalize their trade from the USA, digging their plans to implement the taxes sent Financial markets are going onHe aroused concerns about the recession and raised Global trade system.
Talking to reporters on board Air Force One, Trump said that he did not want global markets to fall, but also not worried a huge sale, adding: “Sometimes you have to take medicine to fix something.”
His comments appeared when global financial markets appeared on the right track to continue their violent declines after resuming trading on Monday, and after Trump’s helpers tried to serene market fears, saying that over 50 nations reached negotiations to raise the tariffs.
“I talked to many leaders, European, Asian from around the world,” said Trump. “They die to conclude a contract. I said that we will not have deficits with your country. We do not intend to do it, because for me the deficit is a loss. We will have surpluses or in the worst case, we even break.”
Higher indicators will be collected from Wednesday, introducing a recent era of economic uncertainty without a clear end in sight. Treasury Secretary Scott Bessent said that unfair commercial practices are not “something that can be negotiated within days or weeks.” He said that the United States must see “what countries offer and whether it is credible.”
Trump, who spent the weekend in Florida playing Golf, published online that “we will win. Insert hard, it will not be easy.” Its members of the office and economic advisers chose on Sunday, defending the tariffs and disregarding the consequences for the global economy.
“There is no recession. Who knows how the market will react in a day, in a week?” Bessent said. “We look at the construction of long -term economic foundations for prosperity.”
State Futures in American wrestling fell on Sunday evening, when the tariffs were still collecting markets. Dow Jones Industrial Average, and the S&P 500 timely contracts dropped by almost 4%, while NASDAQ’s term contracts fell by almost 5%. Even the price of bitcoins, which last week maintained relatively stable, fell by almost 6% on Sunday.
The Trumpz Trumpz tariff announced on April 2, fulfilled the key promise of the campaign, which operated without Congress to redraw the principles of global trade. It was a decades in the creation of Trump, which has long condemned foreign trade transactions as unfair to the United States, that gambling, that voters will be willing to endure higher prices for everyday position to introduce their economic vision.
Countries are trying to come up with how to answer tariffs China and other retaliation Quick.
The best economic adviser to Kevin Hassetst’s White House admitted that other countries are “angry and retaliation”, and, he said: “By the way, coming to the table.” He cited the US Trade Representative Office as a notification that over 50 nations reached the White House to start talks.
Adding to the confusion, recent tariffs hit both American allies and opponents, including Israel, which is in the face of 17% of the tariff. Israeli Prime Minister Benjamin Netanyahu is to visit the White House and speak on Monday at a press conference with Trump, and his office says that the tariffs will be a point of discussion with Trump with the war in Gaza and other issues.
Another American ally, Vietnam, the main production center for clothing, also contacted the administration of tariffs. Trump said that the leader of Vietnam said in a telephone conversation that his country “wants to lower the features to zero, if they are able to conclude an agreement with the USA” and the key partner of the European Italian Prime Minister Giorgia Meloni, said that she did not agree with Trump’s movement, but “she was ready to implement all the tools – negotiating and economic – necessary to support our companies and our sector, which may be supported by our companies and our sector completed.
The Secretary of Trade Howard Lutnick clearly explained that there are no deferral tariffs that are in a few days.
“Tariffs are coming. Of course they are,” he said, adding that Trump had to reset global trade. But he only committed himself to “definitely” staying “for several days and weeks”.
In Congress, where Trump’s Republican party has long been in favor of free trade, the tariff regiment met with applause, but also meaning anxiety.
Several republican senators have already signed a new double -sided bill, which would require the presidents to justify new tariffs to Congress. Legislators would therefore have to approve the tariffs within 60 days or expire. The representative of the Nebrask GOP Don Bacon said on Sunday that he would introduce the home version of the act, saying that Congress must restore his rights in relation to the tariffs.
“We gave part of this power of executive power. I think that in retrospect it was a mistake,” Bacon said, adding that the measurement of the measurement would be difficult, unless the financial markets still react negatively and other indicators, such as inflation and change of unemployment.
John Barrasso from Wyominej, a member of the Senate Senate leadership, said that Trump “does what has the full right.” He admitted: “There are fears and there are fears in the whole country. People are watching markets.”
“There will be a discussion in the Senate,” Barrasso said about tariffs. “We’ll see which way the discussion is going on.”
The government’s Guru Trump, a billionaire businessman, Elon Musk, was relatively quiet at Trump’s tariffs, but told at a weekend event in Italy that he would like the US and Europe to go to the “zero-tariff situation”. The commentary of the owner of Tesla, who runs the Department of Trump’s government, attracted the reprimand of the White House trade advisor Peter Navarro.
“Elon, when he is on his dog, is great. But we understand what is happening here. We just have to understand. Elon sells cars,” said Navarro. He added: “He simply protects his own business, as every businessman would do.”
Trump pointed out that he disagreed with musk, to put it on Sunday of the European Union: “They want to talk, but there is no conversation unless they pay us a lot of money every year.”
Lawrence Summers, an economist who was the secretary of the treasury under the democratic president Bill Clinton, said that Trump and his economic team send contradictory messages if they say they are interested in reviving production, and at the same time are open to negotiations with trading partners.
If other countries eliminate their tariffs, and the US also said, he said: “It simply contains a contract, we do not raise any income or encourage any companies to move to the United States. If this is a eternal source of income and we try to force the company to move to the United States, we will have these tariffs permanently. So the president cannot have both ways.”
Bessent was in “Meet the Press” NBC, Hassett and Summers appeared in “this week” ABC, Lutnick and Barrasso were in “Face the Nation” CBS, and Navarro interviews “Futures Sunday morning morning” Fox News Channel.
