NEWS
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During a press conference with Israeli Prime Minister Benjamin Netanyahu, US President Donald Trump says ‘many, many countries’ are reaching out to the US for trade deals, without providing details.
Stock markets in the United States have opened sharply lower after indices across Asia and Europe plunged as the shockwaves from Trump’s tariffs continue to be felt globally
Trump reiterates China threat
The US president says again that he will impose 50 percent tariffs on Chinese goods if Beijing does not revoke its retaliatory levies on American products.
Trump added that he has a “great relationship” with Chinese President Xi Jinping, suggesting that the door remains open for diplomacy.
I have great respect for China, but they can’t do this,” Trump told reporters. “We’re going to have one shot at this, and no other president is going to do this.”
Trump says US ‘not looking’ to pause tariffs for trade talks
Asked whether Washington is considering suspending tariffs on countries seeking trade talks with the US, Trump says: “Well, we’re not looking at that
We have many, many countries that are coming to negotiate deals with us, and they’re going to be fair deals – and in certain cases, they’re going to be paying substantial tariffs,” Trump added
Netanyahu says Israel can serve as example for trade with US
The Israeli prime minister pushes to appease Trump on trade, saying that he understands the US president’s international tariffs.
“We will eliminate the trade deficit with the United States,” Netanyahu said at the White House.
We intend to do it very quickly. We think it’s the right thing to do. And we’re going to also eliminate trade barriers – a variety of trade barriers that have been put up unnecessarily. And I think Israel can serve as a model for many countries who ought to do the same,” he added.
“I recognise the position of the United States.”
The US provides Israel with billions of dollars in unconditional military aid that totaled $17.9bn in the first year of the war in Gaza.