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 because of President Trump’s robust stand.
This reveals 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 a variety of the tariff. And so, I don’t suppose that you just’re going to see an enormous impact on the patron within the US, as a result of I do suppose that the explanation why now we have a persistent long-run commerce deficit is these individuals have very inelastic provide.
They’ve been dumping items into the nation with a purpose to create jobs, say, in China.
Through 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 government 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 value will increase that drawback American employees. Whereas tariffs can contribute to larger costs, in addition they profit American employees.
Firstly, income generated from tariffs contributes to the federal government’s working fund, probably offsetting bills that might in any other case be lined by revenue taxes. This extra income has opened discussions about tax aid measures, reminiscent of eradicating revenue tax from extra time pay or suggestions.
Tariffs can scale back the necessity for subsidies by leveling the taking part in discipline for American producers competing in opposition to closely backed overseas 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 variety of international locations already reaching out to the Trump Administration.
Right here is an preliminary listing of nations and the tariffs Trump has imposed on their merchandise coming into the US.
| Nation | Tariffs Charged to the usA. | 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% |
