US President Donald Trump and his advisers have defended sweeping tariffs on imports and vowed to stay the course, despite market turmoil and calls to avoid a trade war, BBC reported.
In a series of television interviews, Treasury Secretary Scott Bessent played down recent stock market falls and Howard Lutnick, the commerce secretary, insisted reciprocal tariffs would be implemented as planned.
Bessent said there was "no reason" to expect a recession as a result of the turmoil. "This is an adjustment process," he said.
Meanwhile, another top adviser, Kevin Hassett, said more than 50 countries have contacted Trump to try to negotiate a deal, according to BBC.