The White House says that more than 50 countries have reached out to the U.S. to come to make a deal over tariffs.
Economic Council Director Kevin Hassett said that these negotiations will happen fast so price changes will not much affect the American consumer.
“They’re doing that because they understand that they bear a lot of the tariff,” he said.
We don’t know which countries have done this other than Thailand and Taiwan. American markets have not shown enthusiasm for this as progress. Dow Futures are still down significantly for Monday. Crude oil prices dropped approximately 6% on fears of a recession. This could mean cheaper gas but it could also mean a full market collapse so, glass half full, ya’ know?
