Americas

Americas

Trump's top economic adviser says 50 countries have reached out to negotiate tariffs

06 April 2025 21:28 (UTC +04:00)

White House National Economic Council Director Kevin Hassett defended President Donald Trump's tariffs on Sunday, refuting the idea they will cost American consumers more, APA reports citing ABC News.

“So, the fact is, the countries are angry and retaliating and, by the way, coming to the table. I got a report from the [U.S. Trade Representative] last night that more than 50 countries have reached out to the president to begin a negotiation. But they're doing that because they understand that they bear a lot of the tariff. And so, I don't think that you're going to see a big effect on the consumer in the U.S. because I do think that the reason why we have a persistent, long-run trade deficit these people have very inelastic supply. They've been dumping goods into the country in order to create jobs, say, in China,” Hassett told ABC News' "This Week" anchor George Stephanopoulos.