More than 50 countries have contacted the United States to negotiate following President Donald Trump's sweeping new tariffs announced earlier this week by President Donald Trump. According to White House economic adviser Kevin Hassett.
10% “base” tariffs on most US imports have led to a rapid rebound around the world. While some countries have suggested they will retaliate, others, such as Indonesia and Taiwan, want to avoid escalating trade tensions and say they will not impose retaliatory tariffs.
Israeli President Benjamin Netanyahu reportedly went to Washington to hold a direct trade talk with Trump, but the British Kiel star painted a calm picture in a speech to Congress: “The world we know has disappeared.”
Economists warn that tariffs could cause higher prices for US consumers and disrupt supply chains. The market was volatile after the announcement, and Trump was talking to the nation on social media. “Tighten your grip, this is an economic revolution. It's not easy, but the outcome is historic,” the president said Saturday while playing golf in Florida.
Meanwhile, speaking to Italian audiences hours after the tariffs came into effect, Elon Musk expressed his hopes for a “tax-free situation” between the US and Europe in the future. Tesla and SpaceX CEOs, who served as Trump's informal advisors on trade and innovation, said a freer trade environment is the ideal long-term goal.
*This is not investment advice.
