The customs duties application will not be postponed

US Secretary of Commerce Howard Lootnick said on Sunday that the United States will not postpone the imposition of customs duties despite the intention of a number of partners to hold talks on this issue..

In an interview with CBS, the US Secretary of Commerce explained, in response to a question about whether Trump is considering postponing customs duties, saying: “There is no delay … The drawings will remain valid for days and weeks, this is clear.”

He added: “The president needs to reset global trade: Everyone has a trade surplus, and we have a trade deficit.”

“More than 50 countries have already contacted the American administration to negotiate a settlement of customs duties,” the director of the White House Economic Council, Kevin Haysit, told ABC on Sunday.

“The customs duties imposed by US President Donald Trump are an indirect way to pressure the American federal to reduce interest rates.”

For his part, US Treasury Secretary, Scott Besent, in another interview with NBC News, underestimated the importance of the stock market declining since Trump declared customs duties, and said that “there is no reason” to expect a recession based on customs duties.

Trump’s announcement of the customs duties has caused the global stock markets severely, as it faced this week its worst crisis since the collapse caused by the Corona virus.

Yesterday, US President Donald Trump acknowledged that the American trade war will pay its fruits in the United States, but this will not be easy, while Trump called for steadfastness, a day after China responded with similar drawings..