Washington:
US President Donald Trump’s almost all countries will be likely to leave 10 percent of tariffs and move forward, his top economic advisor Kevin Haset said on Thursday.
A day earlier, Trump announced a 90-day stagnation against all countries except China, reversing a policy that cried the global stock markets and stripped the American bond markets-a major barometer of investors’s trust in the ability of the US government to pay their loans.
China’s announcement is facing 125 percent tariffs to China, and almost all other countries are facing 10 percent of the basic tariffs.
The Director of the White House National Economic Council, speaking to CNBC before the opening of the markets on Thursday, said that 10 percent was likely to live here.
“I think everyone hopes that 10 percent baseline tariff is going to be baseline,” he said. “And the President is going to make some kind of extraordinary deal to go there.”
Haset said that the rapid increase in the yield of the bond market in recent times had “perhaps a little more immediate” to bring back some tariffs of Trump, but insisted that the decision must have finally happened anyway.
“The President believes that to get the big changes we need for American workers … we need to put enough pressure on our business partners that the US President has been asking for the past decades that have actually been presented on the table,” he said.
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