• Trump officials defend tariffs after rocks are pushed out.
• Hassett denies Trump’s plan to collapse the tariff portion of the market.
• Officials highlighted the interests of other countries.

More than 50 countries have begun trade talks with the White House since President Donald Trump introduced new tariffs, senior officials said Sunday that they defended last week’s tax collection from U.S. stocks and downplayed economic collapses since Sunday’s defense.

On Sunday morning’s talk show, Trump’s top economic adviser tried to describe tariffs as a shrewd repositioning of the United States in the global trade order. They are also trying to minimize the economic consequences of last week’s turbulent launch, ahead of the bumpy opening in Asian stocks expected on Monday.

Treasury Secretary Scott Bessent said more than 50 countries have begun negotiations with the United States since the announcement last Wednesday, putting Trump in power.

Neither Bessent nor other officials named the countries or provided details about the negotiations. But immediately simultaneous negotiations with many countries could pose a huge logistical challenge to the Trump administration. It is not clear how long such a conversation will last.

Taiwan President Lai provided zero tariffs on Sunday as the basis for talks with the U.S., pledging to remove trade barriers and said Taiwanese companies would boost their U.S. investment.

“He created the greatest leverage for himself,” Bescent said. NBC News“Meet the media. ”

Bessent downplayed the stock market’s decline and said there was “no reason” to recession based on tariff expectations, citing stronger growth in U.S. jobs.

“We can see from Friday’s work figures, which is much higher than expectations, and we are moving forward, so I don’t think we have a reason to have to price in the recession,” Bessent said.

Trump’s announcement of extensive tariffs on U.S. imports has sparked retaliation from China and raised concerns about a global trade war and recession, which shocked economies around the world.

In two days since Trump announced a new global tariff regime, U.S. stocks have fallen by about 10%, more aggressive than analysts and investors have expected.

Analysts and large investors blame Trump’s tariff push for the decline in stock markets, which most economists and Fed chiefs believe would risk inflation and damage economic growth. Economists at JPMorgan Chase now estimate that tariffs will cause a full-year GDP to fall by 0.3%, below the early growth of 1.3%, while the unemployment rate will rise to 5.3% from 4.2% now.

The unified front

The market where tariffs continue faces another week of potential turmoil after the worst week of U.S. stocks since the Covid-19 crisis five years ago.

The S&P 1500 Composite Index, the most extensive measure in the U.S. market, lost nearly $6 trillion in value in two days after Trump announced, and has cut nearly $100 trillion in box office since mid-February, which has hit millions of Americans’ pensions a big blow.

During the interview ABC News“This week,” Kevin Hassett, director of the National Economic Commission, denied that tariffs are part of Trump’s strategy collapse to collapse financial markets to force the Fed to lower interest rates, and said central banks would not have “political coercion.”

In a Truth Society post on Friday, Trump shared a video suggesting that his tariffs were intended to hammer stocks deliberately to force lower interest rates.

Social media posts have sparked global debate over whether Trump’s tariffs are part of a permanent tariff regime or simply a negotiation strategy, which could lead other countries to reduce tariffs through discounts.

Commerce Secretary Howard Lutnick advised CBS News to “face the country” that they might be the latter, saying the tariffs would be retained “days and weeks.” He said the reciprocity tariffs will be launched as planned on April 9.

Last week, the process was used to determine the tariffs were filed for review on the Antarctic islands that were inhabited by penguins and other tiny remote areas.

Lutnick said a comprehensive approach is needed so that larger countries cannot use smaller countries to circumvent tariffs.

“Basically (Trump) said, ‘I can’t make anywhere in the world a place where China or other countries can transport it through them,’ Lutnik said.

Trump adviser billionaire Elon Musk said Saturday that he hopes to see complete trade freedoms between the United States and Europe in the future.

Trump trade adviser Peter Navarro has refuted the idea of ​​a rift between Musk and the Trump administration on tariff policies, but said the Tesla CEO is looking for his business interests.

“There are no cracks here,” Navarro told Fox News“Sunday morning futures.”