Posted on 04/06/2025 7:24:20 AM PDT by hardspunned
More than 50 countries have reached out to the White House to begin trade negotiations, US National Economic Council Director Kevin Hassett said on ABC News on Sunday.
Hassett also denied that US President Donald Trump's tariffs were an indirect means to pressure the central bank to cut interest rates In a separate interview on NBC News, US Treasury Secretary Scott Bessent downplayed the stock market drop since Trump announced the tariffs and said there was "no reason" to anticipate a recession based on the tariffs.
(Excerpt) Read more at m.jpost.com ...
Yeah, this also puts pressure on EU and other Trump haters to do so.
Bill Ackman is speculating that Trump could announce a delay in implementation, as early as tomorrow, because of the time required to negotiate with so many countries.
There is no global coalition against us. Countries will undercut each other to sell to us. Whatever pain we are experiencing now from uncertainty will pass and we’ll be better off.
Let’s just hope he doesn’t get wrapped up by winning the “deals” and getting out of the immediate pressure—at the cost of the tariffs needed for reindustrializing and bringing home the critical supply chains.
We are by far the biggest retail market in the world. We have all the trump cards. Just need to think long term instead of daily stock market fluctuations. It is all about highest paying manufacturing jobs for the middle class. Screw the globalist wall street.
Basically they spent a couple of decades explaining that the American consumer is the desired thing for every manufacture in the world. OK, that means the American consumer is our product. And if you want access to it, you have to pay. And you can avoid paying by moving manufacturing here. Either way we win. I just don’t see the problem.
Add to that ... More manufacturing jobs created bigger retail markets. Manufacturing elevated China from a poor country to world’s biggest economy based on purchasing power index. Manufacturing, mining, agriculture and applied research are the only wealth creators in any country. Manufacturing bigger by far.
Bump waiting for good news.
They should stop the denial about interest rate cuts and just admit that this will be part of the positive results of tariffs…even if not deliberately planned
I read the USG has to roll over and refi about $9.2 TRILLION this year and interest rate drops will save taxpayers hundreds of billions in interest to do so. Also reducing the deficit.
Bessent has discussed this.
Facts that need to be laid out….not denied.
Thats because in reality, no nation has permanent friends. Only permanent interests. And they all, like Trump, need to envision how to protect those interests in a new world order.
The EU will be the last to do a trade deal with Trump, if they ever even do so. They'd rather that all countries involved turn into a some kind of Ukrainian wasteland.
“Whatever pain we are experiencing now from uncertainty will pass and we’ll be better off.”
^this^
“...interest rate drops...”
Let’s assume for the moment that Federal Reserve policy as to whether to lower, raise, or maintain at the current level, the Fed funds rate, is driven solely by economic, fiscal and market conditions.
And that current domestic politics are deliberately avoided when the Fed delay berates on this.
Would interest rates still stand to drop? During the timeframe you discussed.
That is to say, will the Fed have any traditional, straight-faced justification (one that passes the smell test), if it decides NOT to embark on a “downward leg” for the near- and medium-term future of the Fed funds rate? As you appear to be predicting (now that Liberation Day has come).
No need for negotiations. Simply tell these nations to level the playing field with us or better yet, do away with all tariffs.
The tariffs are leverage and they’re working.
...deliberates...
Yes they are understanding this guy mean business the right way fair trade or pay the price.
That’s a lot of movement toward bilateralism in terms of trade agreements.
Trump holding the cards.
Who amongst us believes the Fed is NOT a politicized body, making decisions on factors other than purely economic?
How will they game their decisions to help democrats in the 2026 election cycle which is already being set into play.
My cynical 2 cents
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