The White House has begun to send messages aimed at calming the turmoil created by #TRUMP 's tariff moves. While it has been reported that more than 50 countries have contacted for negotiations following the $6 trillion loss, it is also emphasized that Trump's aim is not to crash the market.
As markets prepare for the new week, steps have begun to come from the White House aimed at calming the markets. In this regard, senior officials have reported that more than 50 countries have contacted the White House for negotiations following Trump's announcement of comprehensive tariffs.
According to Reuters, Trump's senior economic advisors who participated in political debate programs broadcast on Sunday morning drew attention with their messages aimed at minimizing the effects of the economic turmoil. However, they also emphasized that the tariffs are a "smart" move that will put the US in a more advantageous position in the global trade order.
“That was not Trump’s intention”
White House National Economic Council Director Kevin Hassett told ABC that the claim that Trump deliberately tried to crash the stock market is not true. Hassett said, “His intention is not to crash the market. He is trying to support American workers. This is not a strategy that aims to crash the market.” Hassett also suggested that Trump’s move would force the Fed to seriously cut interest rates in May.
Trump’s tariff decisions have caused $6 trillion to be wiped off American stock exchanges. The uncertainty and anxiety that emerged as we head into the new week hit the cryptocurrency market, which was open for trading over the weekend. #bitcoin , the number one cryptocurrency, fell below $79,000 in the evening hours. Ether, on the other hand, fell to $1,500 for the first time since October 2023.
