On Sunday morning, Kevin Hassett, the Director of the Nationwide Financial Council, joined This Week on ABC to debate Trump’s tariffs.
Hassett informed This Week that over 50 international locations have reached out to the Trump White renegotiate their commerce agreements with the US due to President Trump’s robust stand.
This exhibits Trump’s tariff’s plan in already working.
Kevin Hassett: I bought a report from the USDR final night time that greater than 50 international locations have reached out to the President to start a negotiation. However they’re doing that as a result of they perceive that they bear numerous the tariff. And so, I don’t assume that you simply’re going to see an enormous impact on the patron within the US, as a result of I do assume that the rationale why we’ve a persistent long-run commerce deficit is these folks have very inelastic provide.
They’ve been dumping items into the nation with a view to create jobs, say, in China.
By way of This Week on ABC Information.
JUST IN: Over 50 international locations have reached out to President Trump to barter new commerce offers, US Nationwide Financial Council Director says. pic.twitter.com/cZ0MC3Fmiu
— Watcher.Guru (@WatcherGuru) April 6, 2025
On Wednesday, President Trump signed an executive order imposing reciprocal tariffs on dozens of nations.
Gateway Pundit contributor Antonio Graceffo reported on President Trump’s brave and common sense transfer. Democrats have criticized President Trump’s tariffs, arguing that they result in worth will increase that drawback American staff. Whereas tariffs can contribute to greater costs, in addition they benefit American staff.
Firstly, income generated from tariffs contributes to the federal government’s working fund, doubtlessly offsetting bills that may in any other case be coated by revenue taxes. This extra income has opened discussions about tax aid measures, akin to eradicating revenue tax from time beyond regulation pay or ideas.
Tariffs can cut back the necessity for subsidies by leveling the taking part in discipline for American producers competing towards closely backed international imports. A great instance is agriculture.
In lower than one week, greater than 50 international locations have reached out to the White Home to start commerce talks, Kevin Hassett, a prime financial adviser to U.S. President Donald Trump mentioned on Sunday.
TGP’s Ben Kew on Saturday listed a number of countries already reaching out to the Trump Administration.
Right here is an preliminary record of nations and the tariffs Trump has imposed on their merchandise coming into the US.
| Nation | Tariffs Charged to the united statesA. | U.S.A. Discounted Reciprocal Tariffs |
|---|---|---|
| Argentina | 10% | 10% |
| Australia | 10% | 10% |
| Bangladesh | 74% | 37% |
| Botswana | 74% | 37% |
| Brazil | 10% | 10% |
| Cambodia | 97% | 49% |
| Chile | 10% | 10% |
| China | 67% | 34% |
| Colombia | 10% | 10% |
| Costa Rica | 17% | 10% |
| Côte d’Ivoire | 41% | 21% |
| Dominican Republic | 10% | 10% |
| Ecuador | 12% | 10% |
| Egypt | 10% | 10% |
| El Salvador | 10% | 10% |
| European Union | 39% | 20% |
| Guatemala | 10% | 10% |
| Honduras | 10% | 10% |
| India | 52% | 26% |
| Indonesia | 64% | 32% |
| Israel | 33% | 17% |
| Japan | 46% | 24% |
| Jordan | 40% | 20% |
| Kazakhstan | 54% | 27% |
| Laos | 95% | 48% |
| Madagascar | 93% | 47% |
| Malaysia | 47% | 24% |
| Morocco | 10% | 10% |
| Myanmar (Burma) | 88% | 44% |
| New Zealand | 20% | 10% |
| Nicaragua | 36% | 18% |
| Norway | 30% | 15% |
| Pakistan | 58% | 29% |
| Peru | 10% | 10% |
| Philippines | 34% | 17% |
| Saudi Arabia | 10% | 10% |
| Serbia | 74% | 37% |
| Singapore | 10% | 10% |
| South Africa | 60% | 30% |
| South Korea | 50% | 25% |
| Sri Lanka | 88% | 44% |
| Switzerland | 61% | 31% |
| Taiwan | 64% | 32% |
| Thailand | 72% | 36% |
| Trinidad and Tobago | 12% | 10% |
| Tunisia | 55% | 28% |
| Turkey | 10% | 10% |
| United Arab Emirates | 10% | 10% |
| United Kingdom | 10% | 10% |
| Vietnam | 90% | 46% |
