Trump calls his economic “medicine” definitions after trillions of the American stock market were eliminated

US President Donald Trump said on Sunday that foreign governments should pay “a lot of money” to raise the overwhelming definitions he described as a “drug”, as financial markets pointed to another week of sharp losses that could be in the store.

Speaking to Air Force One, Trump indicated that he was not concerned about the market losses that already eliminated nearly 6 trillion US dollars of American stocks.

“I don’t want anything to decrease. But sometimes you should take the medicine to fix something,” he said.

Trump said that during the weekend, he spoke to leaders from Europe and Asia, who hope to persuade him to reduce the tariffs of up to 50 percent because of this week.

“They come to the table. They want to speak, but there is no talk unless they pay us a lot of money on an annual basis,” he said.

The Trump tariff announcement last week shook economies around the world, which led to the revenge of China and raises fears of the global trade war and stagnation.

On Sunday morning, the best economic consultants of the president sought to photograph the definitions as a resetting position for the United States in the global trade order.

They also tried to reduce economic shocks from starting last week. Wall Street futures opened on Sunday, in a sign of more disturbances.

US Treasury Secretary Scott Bessin said that more than 50 countries have started negotiations with the United States since the announcement of last Wednesday.

“He created the maximum amount of financial lever for himself,” Pesin said on NBC. Meet.

Neither Bennet nor the other officials called the countries or provided details about the talks. But simultaneously negotiating with multiple governments can pose a logistical challenge to the Trump administration and prolong economic uncertainty.

Pesent said there is no “reason” to anticipate the recession, pointing to the growth of stronger American jobs than last month, before announcing the customs tariff.

JPMORGAN economics now estimate that the customs tariff will lead to a decrease in the US gross domestic product by 0.3 percent, a decrease from a previous estimate of 1.3 percent growth, and that the unemployment rate will rise to 5.3 percent from the current 4.2 percent.

Republican president spent the weekend in Florida, played the golf and posted a video about his swing to social media on Sunday.

Some countries seek

American customs agents began collecting a 10 % Trump tariff for all imports from many countries on Saturday. The rates of “mutual” tariffs are scheduled to enter from 11 to 50 percent on the individual countries on Wednesday at 12:01 am. Some governments have already indicated a willingness to interact with the United States to avoid duties.

On Sunday, the Taiwanese President Lay Cheng T presented zero ranks as a basis for talks with the United States, pledged to remove commercial barriers and the saying of Taiwanese companies will raise their investments in the United States.

Israeli Prime Minister Benjamin Netanyahu said he would seek a 17 percent tariff for the country’s goods during a planned meeting with Trump on Monday.

An Indian government official told Reuters that the country is not planning to take revenge on a 26 percent tariff and said the talks were ongoing with the United States on a possible deal.

The markets seem to be more likely to put the cabinet

Another week of possible markets are facing the worst week of shares since the start of the Covid-19 crisis five years ago.

Among the largest US market measures, the S & P Composite 1500 has approximately 10 trillion US dollars since mid -February, a major blow to millions of retired nest eggs.

White House Economic Adviser Kevin Haysit denied that the definitions were part of Trump’s strategy for financial markets as a way to pressure the US Federal Reserve to reduce interest rates. He said that there would be no “political coercion” of the Central Bank.

In a social publication on Friday, Trump shared a video that suggested his tariff aimed at postponing the stock market intentionally in an attempt to impose low interest rates.

Social media publications fueled the global debate about whether Trump’s tariff was part of a new constant tariff system or just a negotiating tactic that can reduce customs tariffs through concessions by other countries.