Washington, April 7 (H.S.): Senior associates of President Donald Trump defended the tariffs in media appearances on Saturday, asserting that foreign nations are already attempting to negotiate in response. Trump’s economic advisors downplayed global market turmoil, claiming the trade war would enhance the U.S. economy.

The New York Times analyzed that, akin to Brexit, Trump’s tariffs have disrupted the established global order. The U.S. role as a cornerstone of global trade means Trump’s actions could have extensive ramifications, even though the ultimate outcome remains uncertain, with a possible reversal of his decision. Optimists note the European Union has not disintegrated post-Brexit, and economists suggest the momentum for free trade may be unyielding due to its substantial benefits.

However, many view the unexpectedly high tariff rates as destabilizing for American corporations and the stock market, which has not rebounded from last week’s declines, raising recession fears.

Despite this, Trump administration officials assert that tariffs are prompting negotiations, with Agriculture Secretary Brooks Rollins reporting that 50 countries are engaging with the White House. Senior advisor Peter Navarro advised against panic, and Treasury Secretary Scott Basset dismissed recession predictions during a television interview.

Hindusthan Samachar / Jun Sarkar