• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home World News Africa

Over 50 countries seek US trade talks after tariffs: Trump officials

April 6, 2025
in Africa
Reading Time: 2 mins read
A A
0
‘Nothing is off the table’: How US trade partners are responding to tariffs
4
SHARES
9
VIEWS
Share on FacebookShare on Twitter


The tariffs have been widely criticised around the world for threatening to push the global economy into a recession.

More than 50 countries have directly contacted the White House to initiate trade talks following US President Donald Trump’s imposition of wide-ranging punitive tariffs, administration officials have said.

The tariffs, which caused a nearly $6 trillion drop in US stock values last week and battered global markets, have drawn worldwide attention and sparked fears of a potential economic downturn. But the Trump administration has downplayed that and potential further catastrophic economic fallout.

In the meantime, investors nervously awaited the open of US trading after Wall Street’s selloff last week, anticipating another week of turbulence as other nations react. Asian markets will open in the coming hours and expect a rocky day.

In a series of Sunday-morning talk show interviews, Trump’s top economic advisers defended the tariffs, describing them as a strategic move to strengthen the US position in global trade.

Treasury Secretary Scott Bessent revealed that more than 50 nations had begun negotiations with the US since the tariffs were announced on Wednesday, but did not disclose the countries involved.

Bessent claimed the tariffs gave Trump “maximum leverage,” though their impact on the US economy remains uncertain. He dismissed concerns about a recession, citing unexpectedly strong job growth in the US.

Trump’s wide-ranging tariffs came into effect on Saturday.

The initial 10 percent “baseline” tariff took effect at US seaports, airports and customs warehouses, ushering in Trump’s full rejection of the post-World War II system of mutually agreed tariff rates.

A decline in US GDP

Despite this, economists have warned that the tariffs could lead to a decline in US gross domestic product (GDP), with JPMorgan economists revising their growth forecast from a 1.3 percent increase to a 0.3 percent decrease.

The tariffs, aimed at pressuring foreign governments to make concessions, have also triggered retaliatory levies, including hefty ones from China, raising fears of a global trade war.

US allies like Taiwan, Israel, India, and Italy have already expressed interest in negotiating with the US to avoid the tariffs.

Taiwanese leader Lai Ching-te offered zero tariffs as the basis for talks, while Israeli Prime Minister Benjamin Netanyahu sought relief from the 17 percent tariff on Israeli goods.

Meanwhile, the US continues to implement tariffs, with higher “reciprocal” duties expected to take effect on Wednesday.

Critics have raised concerns over the method used to determine the tariffs, especially after they were applied to some remote, uninhabited territories.

Commerce Secretary Howard Lutnick defended the strategy, claiming that it aimed to prevent countries from circumventing the tariffs with loopholes.



Source link

Tags: Business and EconomyDonald TrumpFinancial marketsInternational TradeNewsPoliticstrade warUnited StatesUS & Canada
Previous Post

Poilievre promises to fund 50,000 addictions recovery spaces

Next Post

Trump advisers say 50-plus countries have reached out for tariff talks with White House

Related Posts

Train derails near Russia-Ukraine border, killing at least seven

Train derails near Russia-Ukraine border, killing at least seven

June 1, 2025
5
South Korea’s snap presidential election 2025: All you need to know

South Korea’s snap presidential election 2025: All you need to know

June 1, 2025
3
Next Post
Trump advisers say 50-plus countries have reached out for tariff talks with White House

Trump advisers say 50-plus countries have reached out for tariff talks with White House

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0

What White House reportedly said about the future of Mark Carney’s daughter at Harvard

June 1, 2025
Northern Ireland’s lone synagogue staves off decline by engaging Christian neighbors

Northern Ireland’s lone synagogue staves off decline by engaging Christian neighbors

June 1, 2025
Inzaghi won't rule out Inter exit after final loss

Inzaghi won’t rule out Inter exit after final loss

June 1, 2025
Costco plans new checkout option members should love

Costco plans new checkout option members should love todayheadline

June 1, 2025

Recent News

What White House reportedly said about the future of Mark Carney’s daughter at Harvard

June 1, 2025
6
Northern Ireland’s lone synagogue staves off decline by engaging Christian neighbors

Northern Ireland’s lone synagogue staves off decline by engaging Christian neighbors

June 1, 2025
4
Inzaghi won't rule out Inter exit after final loss

Inzaghi won’t rule out Inter exit after final loss

June 1, 2025
6
Costco plans new checkout option members should love

Costco plans new checkout option members should love todayheadline

June 1, 2025
3

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

What White House reportedly said about the future of Mark Carney’s daughter at Harvard

June 1, 2025
Northern Ireland’s lone synagogue staves off decline by engaging Christian neighbors

Northern Ireland’s lone synagogue staves off decline by engaging Christian neighbors

June 1, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co