50 nations in crisis: Will the US revise its tariff policy?

The recent tariffs imposed by America have resulted in a massive downfall in international markets. Over 50 nations have gone to the U.S. for trade negotiations, but the U.S. administration has not agreed to alter its policy. The action is also hitting America's friends. International markets have begun falling since the time the U.S. implemented tariffs. This fall is not only impacting nations with tension such as China, Russia, Canada, etc., but even America's allies Japan, Israel and Saudi Arabia.

50 nations have approached the White House to initiate trade negotiations

After which numerous nations are reaching out to the White House administration for tariff negotiations. Washington: Over 50 nations have approached the White House to initiate trade negotiations, a senior US official stated on Sunday, justifying the new tariffs raised by US President Donald Trump. However, the tariffs lost US stocks almost $6 trillion last week and raised fears of the economic impact. During a Sunday morning talk show, Donald Trump's most senior economic advisers referred to Trump's tariffs as a reasonable action by the US in the global trading regime as fear spread in Asian-European stock markets.

50 Nations on the Line from Tariffs

Having the strongest global interest since the announcement of the tariffs, Treasury Secretary Scott Besant indicated that over 50 countries have initiated discussions with the US since last Wednesday's announcement, with Besant attempting to present Trump in a position of authority.

No tariff policy change

In spite of calls from 50 nations, Treasury Secretary Howard Lutnick and Treasury Secretary Scott Besant rejected the idea that the administration is willing to revise its strategy. Axios published on Sunday that top Trump administration officials had no desire to retreat from the president's ambitious new tariff proposal, though world markets have lost vast amounts of wealth. Devanagari syllabary Investors witnessed losses of over $6 trillion on Thursday and Friday, with fears that even more volatility may be experienced on Monday if the administration intervenes to soothe trade tensions.