Politico was surprised that countries are not quickly raising their tariffs. Trading partners wonder what pain level he will sustain and who must concede first.
The bottom line is that when it comes to Trump today, “We don’t know what the pain threshold is,” said Brian Gardner, chief Washington policy strategist for investment banking firm Stifel Financial. Whatever it is, it’s “significantly higher than people had previously estimated.”
They needn’t wonder any longer. President Trump sees the trade deficits as existential and unsustainable. For that reason, he said, There is no level of pain too intolerable.
The 50 Nations who want to bargain
Top officials said on Sunday that more than 50 nations have approached the White House to begin trade talks since U.S. President Donald Trump rolled out sweeping new tariffs.
Since last Wednesday’s announcement, Treasury Secretary Scott Bessent also said more than 50 nations had started negotiations with the U.S. It appears to place Trump on the launch pad.
MORE:
https://www.independentsentinel.com/about-tariffs-trump-says-no-level-of-pain-is-too-intolerable/