ASIATODAY.ID, WASHINGTON – The United States has received import tariff negotiation requests from more than 50 countries, according to an official statement from the White House. This growing number highlights the increasing global response to U.S. trade policies.
“I received a report from the U.S. Trade Representative last night stating that over 50 countries have reached out to our president to initiate negotiations,” said White House National Economic Council Chairman Kevin Hassett on Sunday, April 6, 2025.
In an interview on This Week, Hassett explained that many of these countries were angered by the U.S. tariffs and were initially looking to retaliate. However, he noted that most of them are now willing to come to the negotiation table.
“They are doing this because they understand the situation. They are bearing the burden of significant tariffs,” Hassett said.
According to Hassett, the imposition of tariffs is unlikely to have a major impact on U.S. consumers, as many of the affected countries supply goods that are highly inelastic. This supply rigidity, he added, is one of the reasons the United States continues to experience a prolonged trade deficit.
Meanwhile, former U.S. Treasury Secretary Lawrence Summers, speaking at the same event, warned of the negative effects of import tariffs on the economy. He argued that tariffs drive up prices and fuel inflation.
“As a result, consumer purchasing power will decline, and job opportunities will diminish,” Summers stated, adding that these conditions could lead to a severe economic crisis. (AT Network)
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