Over 50 Nations Seek Tariff Talks as US Markets React to New Policies

The USA's Finance Minister Scott Bessent dismisses that President Donald Trump's new import tariffs are on their way to driving the country's economy into a recession. He also says that over 50 countries have made contact and want to negotiate about the tariffs.

» Published: April 06 2025

Over 50 Nations Seek Tariff Talks as US Markets React to New Policies
Photo: Ben Curtis/AP/TT

We will need to see what the countries offer and if it is credible, says Bessent in NBC's program Meet the Press, reports news agency Bloomberg.

On Wednesday, Trump clarified that very extensive tariffs will be introduced against countries around the world. Since then, the stock exchanges have plummeted globally – and in the US at a pace that can only be compared to the pandemic in 2020 and the IT crash 20 years earlier.

Furthermore, American long-term interest rates and oil prices have fallen, the dollar has weakened, and gold prices have risen.

In addition, several counterparties, including the EU, have not yet released the countermeasures planned – which will further give the impression of a full-scale trade war.

"Decades of bad behavior"

Bessent says that any negotiations with countries that have made contact will take time.

According to the minister, the counterparties have mismanaged their relationship with the US for a long time, and new rules cannot be analyzed and established within a few days or weeks.

After decades of bad behavior, you can't just wipe the slate clean, he says.

At the same time, market anxiety raises new fears that the American economy is heading into a recession – but this is dismissed by Scott Bessent.

I see no reason to price in a recession, he says.

Bessent messaged

According to sources to Bloomberg, Trump's tariff decision got finance top executives on Wall Street to turn directly to Bessent. He is said to have received a multitude of SMS from finance chiefs and hedge fund managers urging him to convince Trump to change his mind.

Bessent – with a background on Wall Street where he worked for financier George Soros – is said to have had a behind-the-scenes role in planning ahead of the tariff drama.

According to a source, Bessent only assessed a range of different market scenarios for the economy based on different proposed tariff levels.

Tags

TT News AgencyT
By TT News Agency - Translated and adapted by Sweden Herald under license from TT News Agency

More news

When to Sell in a
2 MIN READ

When to Sell in a Tumbling Stock Market: Expert Advice

Poland Proposes New European Defence
1 MIN READ

Poland Proposes New European Defence Fund to Boost Regional Security

Trump Donor Bill Ackman Criticizes
2 MIN READ

Trump Donor Bill Ackman Criticizes Tariffs as a Mistake

Northvolt Subsidiary's Unused Equipment Heads
1 MIN READ

Northvolt Subsidiary's Unused Equipment Heads to Auction Block

Germany's Industrial Output Drops More
1 MIN READ

Germany's Industrial Output Drops More Than Expected in February

Swedbank Predicts Swedish Central Bank
1 MIN READ

Swedbank Predicts Swedish Central Bank to Cut Interest Rates Again

Swedish Central Bank Poised for
1 MIN READ

Swedish Central Bank Poised for Rate Cut in Response to Tariffs

European Stock Markets Tumble as
1 MIN READ

European Stock Markets Tumble as Wall Street Futures Slide

Nordea Economist Seeks US Economic
2 MIN READ

Nordea Economist Seeks US Economic Slowdown to Counter Tariffs

EU Considers Tariffs on US
3 MIN READ

EU Considers Tariffs on US Goods: Alcohol, Tech, and More at Risk

National Debt Office Warned of
1 MIN READ

National Debt Office Warned of Northvolt's Risks Before Bankruptcy

Global Markets Tumble as Asian
2 MIN READ

Global Markets Tumble as Asian Stocks Dive After Tariff Clash

Trump on Market Turmoil: Tariffs
2 MIN READ

Trump on Market Turmoil: Tariffs Are the Necessary Medicine

Wall Street Braces for Sharp
1 MIN READ

Wall Street Braces for Sharp Decline After Tariff Announcement

Economist Warns US Tariffs Echo
2 MIN READ

Economist Warns US Tariffs Echo 1930s Trade War Risks

China Braces for Market Turmoil
2 MIN READ

China Braces for Market Turmoil as Stock Exchanges Reopen

Experts Predict Ongoing Stock Market
3 MIN READ

Experts Predict Ongoing Stock Market Volatility as Trade Tensions Rise

Maximize Your Tax Refund: Smart
3 MIN READ

Maximize Your Tax Refund: Smart Tips for Financial Gains

Zimbabwe Drops US Tariffs in
1 MIN READ

Zimbabwe Drops US Tariffs in Response to Trump's Trade Move

EU Tariffs on US Goods:
3 MIN READ

EU Tariffs on US Goods: Are They Really Unfair?

French PM Warns Trump's Tariffs
1 MIN READ

French PM Warns Trump's Tariffs Threaten France's Economy and Jobs

When to Sell: Expert Tips
2 MIN READ

When to Sell: Expert Tips for Navigating the Stock Market Slump

JP Morgan Warns of US
1 MIN READ

JP Morgan Warns of US Recession Under Trump, Predicts GDP Decline

Musk Advocates for US-Europe Free
1 MIN READ

Musk Advocates for US-Europe Free Trade Zone

Dousa Prioritizes Negotiations Over Retaliation
3 MIN READ

Dousa Prioritizes Negotiations Over Retaliation in EU-US Tariff Dispute

Record Number of Apartments for
2 MIN READ

Record Number of Apartments for Sale in Sweden's Housing Market

Jaguar Land Rover Halts US
1 MIN READ

Jaguar Land Rover Halts US Deliveries in Response to Tariffs

US Imposes 10 Percent Tariffs,
3 MIN READ

US Imposes 10 Percent Tariffs, Sparking Global Market Concerns

Coffee Prices Set to Surge
2 MIN READ

Coffee Prices Set to Surge Next Week Due to Poor Harvests

Trump's Tariffs Derail Tiktok Deal
1 MIN READ

Trump's Tariffs Derail Tiktok Deal for US Control

US Tariffs Challenge Swedish Firms,
3 MIN READ

US Tariffs Challenge Swedish Firms, Sparking Concerns and Opportunities

Netanyahu Heads to Washington for
1 MIN READ

Netanyahu Heads to Washington for Key Tariff Talks with Trump

US Stock Market Plummets $54
1 MIN READ

US Stock Market Plummets $54 Billion in Two Days Amid Trade Tensions

Trump Extends TikTok Sale Deadline
1 MIN READ

Trump Extends TikTok Sale Deadline by 75 Days

Nintendo Delays Switch 2 Pre-Orders
1 MIN READ

Nintendo Delays Switch 2 Pre-Orders in US Over Tariff Concerns

Klarna Delays US Stock Listing
1 MIN READ

Klarna Delays US Stock Listing Citing Market Uncertainty

US Stock Market Tumbles as
2 MIN READ

US Stock Market Tumbles as Tariff Tensions Escalate

Trump Pressures Fed to Cut
2 MIN READ

Trump Pressures Fed to Cut Rates as Powell Stands Firm on Inflation

US Job Growth Surpasses Expectations
1 MIN READ

US Job Growth Surpasses Expectations with 228,000 New Positions

Busch Urges Swedish Firms to
2 MIN READ

Busch Urges Swedish Firms to Stay Local Amid US Trade Uncertainty