There is a stir in the world over Trump's tariff! More than 50 countries are ready for talks

After President Donald Trump's announcement of mutual tariffs, more than 50 countries of the world have contacted the US to start trade talks. Israeli PM Benjamin Netanyahu is arriving at the White House on Monday, where he will discuss new tariffs. Japan is also going to contact the US President.

Taiwan's President Li Ching-te pledged to remove trade barriers, making zero tariffs the basis for negotiations, and said Taiwanese companies would increase investment in the US. US National Economic Council Director Kevin Hassett defended Trump's new tariffs during an interview.

Trump accused of damaging the stock market

Laiching-Te denied that the tariffs were part of Trump's strategy to crash the financial markets. He said there would be no political pressure on the central bank. In a Truth Social post, Trump shared a video explaining that his tariffs were aimed at deliberately hurting the stock market so that interest rates could be lowered. Meanwhile, US Treasury Secretary Scott Bessant said there was no reason to fear a recession based on tariffs.

10 percent tariff started to be charged

US customs agents on Saturday began levying a unilateral 10 percent tariff on all imports from several countries. A 51-day grace period has been provided for cargo loaded or in transit to the US before 12:01 a.m. (local time) on Saturday. These cargoes must arrive by May 27 to avoid the 10 percent duty.

Trump said on Saturday that China has suffered more losses than the US. This is an economic development and we will win. It is not easy, but the end result will be historic. US Commerce Secretary Howard Lutnick said that the tariffs will remain in place for several weeks. Also, some islands inhabited by penguins were included in the list so that no country could find a way to avoid the tariffs.

Tariffs between US and Europe will one day be zero: Musk

Billionaire Elon Musk said on Saturday he hopes to see complete freedom of trade between the US and Europe in the future. Musk told Italian leader Matteo Salvini that he hopes the US and Europe can build a very close, strong partnership in the future and reach a zero-tariff zone.

European Union countries are uniting to retaliate

European Union countries are uniting against tariffs. The European Commission will propose a list of US products on Monday that could face retaliatory tariffs. The meeting will take place in Luxembourg on Monday. Italian Finance Minister Giancarlo Giorgetti has said that retaliatory tariffs would be harmful for both Italy and Europe. British Prime Minister Keir Starmer and French President Emmanuel Macron have also said that a trade war is not in anyone's interest.

Jaguar Land Rover decides to stop shipments to America

Tata Motors-owned British carmaker Jaguar Land Rover (JLR) has confirmed a halt in its US shipments. We are taking some short-term actions, including halting shipments in April.

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