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Name : Trump Tariff
Ticker : $TT

More than 50 countries have reached out to the White House to begin trade talks, the US national economic council director Kevin Hassett has told ABC News’ This Week programme. He said:

I got a report from the USTR last night (the office of the US trade representative) that more than 50 countries have reached out to the president to begin a negotiation.

But they are doing that because they understand that they bear a lot of the tariff.

And so I don’t think you will see a big effect on the consumer in the US because I do think that the reason why we have a persistent, long run trade deficit is these people have very inelastic supply.

They have been dumping goods into the country in order to create jobs say in China.

Interesting development in trade talks! The response from over 50 countries shows the impact of tariffs. Let's see how this unfolds for the economy.