Trump tariffs trigger global response, over 50 nations seek trade talks
Updated: Apr 7th, 2025
In the wake of US President Donald Trump’s sweeping new tariffs on imports, officials from his administration have reportedly claimed that over 50 countries have reached out to the United States to initiate trade discussions.
The announcement made last week sent shockwaves through global markets and raised fears of a potential trade war, but Trump’s team is framing the move as a strategic win.
As per reports, Treasury Secretary Scott Bessent and other senior officials believe the tariffs have placed the US in a position of strength, forcing several nations to the negotiating table.
Though they did not disclose the names of the countries involved or specific details of the talks, the administration appears confident that the surge in diplomatic outreach signals strong global interest in redefining trade terms with Washington.
Despite a sharp decline in US stock markets reportedly erasing nearly $6 trillion in value and growing concerns about economic fallout, the administration continues to downplay the risks. Officials have pointed to solid job numbers as evidence of continued economic strength and have reportedly dismissed fears of a recession as premature.
However, the broader economic picture has started to shift. J P Morgan economists, in a revised forecast, now estimate that the US gross domestic product could decline by 0.3% this year—down significantly from their earlier projection of 1.3% growth. The unemployment rate is also expected to climb from 4.2% to 5.3% as businesses adjust to the new trade landscape.
The tariff move has reportedly triggered retaliatory actions from major economies, including China, intensifying fears of a prolonged global trade conflict. Nonetheless, officials close to President Trump argue that the move has given the US maximum leverage in shaping future trade deals.
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