Posted on 04/06/2025 1:11:36 PM PDT by Red Badger
WASHINGTON/TAIPEI/VERONA, Italy- More than 50 nations have reached out to the White House to begin trade talks since U.S. President Donald Trump rolled out sweeping new tariffs, top officials said on Sunday as they defended levies that wiped out nearly $6 trillion in value from U.S. stocks last week and downplayed economic fallout.
On Sunday morning talk shows, Trump's top economic advisers sought to portray the tariffs as a savvy repositioning of the U.S. in the global trade order. They also tried to minimize the economic shocks from last week's tumultuous rollout, ahead of Monday's expected bumpy opening of Asian stock markets.
Treasury Secretary Scott Bessent said more than 50 nations had started negotiations with the U.S. since last Wednesday's announcement, putting Trump in a position of power. Neither Bessent nor the other officials named the countries or offered details about the talks. But simultaneously negotiating with multiple countries could pose a logistical challenge for the Trump administration and prolong economic uncertainty.
"He's created maximum leverage for himself," Bessent said on NBC News' 'Meet the Press.' Bessent downplayed the stock market drop and said there was "no reason" to anticipate a recession based on the tariffs, citing stronger-than-anticipated U.S. jobs growth. Trump jolted economies around the world after he announced broad tariffs on U.S. imports, triggering retaliatory levies from China and sparking fears of a global trade war and recession.
JPMorgan economists now estimate the tariffs will result in full-year U.S. gross domestic product declining by 0.3%, down from an earlier estimate of 1.3% growth, and that the unemployment rate will climb to 5.3% from 4.2% now.
As investors girded for the opening of stock markets in Asia, the Republican president spent the weekend in Florida, playing golf and posting a video of his swing to social media on Sunday.
(Excerpt) Read more at reuters.com ...
OMG! What are they gonna complain about now!?
Lol!
Here’s fingers in yer eyes whiners.
Donald “Red” Grant: You may know the right wines, but you’re the one on your knees.
—From Russia With Love.
Winning.
I hope Ireland is one of the 50. Wife panicked today and stocked up on Kerry Gold butter. Wish I was kidding. 🤦♂️
Meanwhile, Musk spinning out of control:
LOL! 🤭
But honestly, you can never have enough butter.
It freezes very well and takes up very little space in the freezer.
I have about 14-16 Kerry Gold butter sticks in my freezer.
Around here Kerry Gold is for holidays. Our every day butter is whatever is cheapest.
Aldi usually has good deals on Kerry Gold.
Although I have not checked on their prices lately.
Can I shop at Aldi? My German’s pretty rusty.
You don’t have Aldi stores in your area ?
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