More than 50 countries have contacted Trump to try to negotiate after he announced sweeping tariffs this week, the US's National Economic Council director Kevin Hassett says
Indonesia and Taiwan say they won't impose retaliatory tariffs while Israeli President Benjamin Netanyahu is heading to Washington DC to meet Trump for trade talks
This comes after a 10% "baseline" tariff on most US imports kicked in yesterday
UK Prime Minister Keir Starmer warns "the world as we knew it has gone" and says the government is ready to step in to protect the British economy
Experts warn the tariffs could push up prices for consumers, but Trump urges the US to "hang tough" after market turmoil
Need a quick catch-up? Read our brief explainer
Edited by Tinshui Yeung and Neha Gohil
We can now bring you comments from US Commerce Secretary Howard Lutnick, who says the steeper tariffs due to be imposed on 9 April are "coming".
In an interview with the BBC's US partner, CBS News, Lutnick is asked whether the more than 50 calls from countries to begin trade talks with the White House mean Trump's administration may be open to negotiation on the levies, or whether they are permanent.
"They are coming, he announced it and he wasn't kidding. The tariffs are coming, of course they are," he says.
Donald Trump's new tariffs apply to almost every country on Earth. But not Russia.
Earlier, our Moscow correspondent reported that Russia sees this as an "important signal" towards better relations with the US.
But NEC director Kevin Hassett tells ABC News it was "not appropriate" to target Russia with new tariffs during negotiations over the war in Ukraine.
He also suggests the White House had not ruled out imposing tariffs on Moscow at a later date.
"I think the president made the decision not to conflate the two issues," he says. "It doesn't mean that Russia, in the fullness of time, is going to be treated wildly different than every other country."
We’re hearing more now from National Economic Council Director Kevin Hassett, who says more than 50 countries are contacting the White House to talk about tariffs.
Speaking to ABC News, he says there could be “some increase in prices” due to the new tariffs, but doesn’t believe there will be a “heavy burden” on US consumers.
He also says President Trump’s announcement wasn’t part of a plan to pressure the US central bank into cutting interest rates by stirring up market turmoil.
That follows Trump saying earlier this week that now would be the “perfect time” for the US central bank to cut rates, external.
“He’s not trying to tank the market, he’s trying to deliver for American workers,” says Hassett.
Treasury Secretary Scott Bessent (left) pictured with Trump and Commerce Secretary Howard Lutnick (right) in the Oval Office in February
We're now hearing the latest comment from another US official.
Treasury Secretary Scott Bessent says he sees "no reason" to expect a recession as a result of Trump's tariffs.
“I think we could see from the jobs number on Friday that was well above expectations that we are moving forward," he tells NBC's Meet the Press.
Bessent also plays down the recent stock market dip after the tariffs announcement, calling it a "short-term" reaction.
"This is an adjustment process," he says. "What we saw with President Reagan, when he brought down the great inflation and we got past the Carter malaise, that there was some choppiness at that time, but he held the course, and we're going to hold the course."
More than 50 countries have reached out to the White House to start trade talks since Trump's tariffs announcement, according to the director of the White House's National Economic Council.
"They're doing that because they understand that they bear a lot of the tariff," Kevin Hassett tells ABC News.
Trump has made dozens of interventions on tariffs in his second term. Here's a look at the current situation:
1 February: Trump signs an executive order imposing 25% tariffs on goods imported from Canada and Mexico and a 10% tax on China
4 February: The US president agrees to pause tariffs on Canada and Mexico but not on China
9 February: Trump announces a 25% import tax on steel and aluminium entering the US, starting 12 March
4 March: The 25% tariffs on imports from Canada and Mexico come into effect, but Trump limits the levy to 10% on Canadian energy. An extra 10% increase is implemented on all Chinese imports
5 March: Trump temporarily spares carmakers from 25% import levies
6 March: The president signs orders significantly expanding the goods exempted from his new tariffs on Canada and Mexico
12 March: The president's blanket 25% steel and aluminium tariffs come into effect
26 March: Trump announces new import taxes of 25% on cars and car parts coming into the US, which came into effect 2 April
2 April: The US president announces a 10% "baseline" tariff on all imports to the US, coming into effect on 5 April. Higher custom tariffs on roughly 60 countries, dubbed the "worst offenders", will go into effect on 9 April, the White House says
Bernd Debusmann Jr
Reporting from Florida
Just a short while ago, I arrived to the town of Jupiter, Florida – where Donald Trump will be spending his morning.
At the moment, there aren't any public events on the president's schedule this morning.
We do know, however, that he's participating in a seniors golf tournament at his golf course here in town. The White House informed us yesterday that he'd won his second round matchup, and that he'd be playing in the championship round today.
At 17:25 EST (22:25 BST), he's scheduled to depart from nearby Palm Beach to fly back to Washington DC.
While he has no public remarks scheduled today, it is possible he comes back to speak to journalists on Air Force One.
That was the case on the way down here, when he came back and answered our questions for about 20 minutes on a wide variety of topics – principally tariffs.
Stay with us for more updates.
Vietnam's top leader, To Lam, has asked President Donald Trump to delay new tariffs on Vietnamese exports to the US by "at least 45 days", according to a letter seen by AFP and the New York Times.
In the letter – which the BBC has not seen – To Lam urges Trump to assign a representative to work with Vietnam's deputy prime minister, Ho Duc Phoc, on resolving the issue.
He also says he hopes to meet Trump in person in Washington at the end of May.
Netanyahu last visited Trump at the White House in February
As we reported earlier, Israeli Prime Minister Benjamin Netanyahu is travelling to Washington DC to meet Donald Trump for talks on tariffs and other matters.
Speaking to reporters as he boarded the plane, Netanyahu says he is "the first international leader that is meeting with Trump" since the new tariffs were introduced.
He says this shows their "personal connection and the connection between our countries that is so essential in this time".
It’s almost 08:30 now in Washington DC.
If you’re in the US and just waking up – or tuning in from anywhere else – here’s a look at the key lines from the day so far:
We’ll keep bringing you live updates throughout the day – stay with us.
Taiwan has joined the group of countries saying they won’t impose retaliatory tariffs on the US, President Lai Ching-te has announced.
But Taipei will remove trade barriers, gradually boost its investments in the US and "deepen" industrial cooperation with the White House, Lai tells a meeting of executives at his residence.
Just to recap, Donald Trump imposed a 32% levy on exports from Taiwan – higher than the 10% "baseline" tariff placed on all countries.
British business owners have also been sharing their concerns with Laura Kuenssberg.
Lynn Calder, boss of carmaker INEOS Automotive, says “everyone is going to hurt from this”.
“As a small, growing brand, the US is so important to us – over 60% of our sales at the moment,” she adds.
Steve Rigby, co-chief executive of tech firm Rigby Group, shares Calder’s worries about the impact of tariffs on UK businesses.
“The concern for all of us right now – we've all seen the capital markets moving very, very actively in the last two days – is do we face a recession,” he says.
But Rigby says the UK government is “playing exactly the game that they should play right now” by not taking any retaliatory action.
Jennifer Meierhans
Business reporter
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"The most important thing is to remove the tariffs," says Kemi Badenoch
Also appearing on Sunday with Laura Kuenssberg was Conservative leader Kemi Badenoch.
"The retaliatory tariffs (in the US) will make people in our country poorer," she says on the show. "There is a place for tariffs, we did use them, but right now what they will do is make life more expensive for British consumers."
"The tariffs are going to be destructive for our businesses," she adds.Jennifer Meierhans
Business reporter
Here's more from Treasury minister Darren Jones.
Speaking on the BBC's Sunday with Laura Kuenssberg programme, he is asked: "Do you think that actually the globalisation as we've known it for decades is now over – that era where we can all get cheap fast fashion or cheap TVs and cheap cars because globalisation works in that way – do you think that's done?"
Jones replies: "Yeah, it's ended. Globalisation, as we've known it for the last number of decades, has come to an end.
"That's why we need Britain to be strong and resilient, also build out our relationships with our allies and partners around the world."
He says this is why the government needs to invest in the domestic economy, support UK businesses and public services, and make sure there are well-skilled workers to fill jobs.Jennifer Meierhans
Business reporter
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Earlier, Chief Secretary to the Treasury Darren Jones is asked on the BBC whether the UK government believes it can scrap the 10% tariff on its exports to the US.
He doesn't answer the question directly, but tells the Sunday with Laura Kuenssberg programme: "We’ve been clear that we are disappointed by the tariffs."
He says the government is focused on negotiating a trade deal with the US to "identify the points of friction and be able to lift those to improve trade".
If you scan across Donald Trump’s tariff chart, you'll see that the value in the second column equals roughly half of the number in the first column for most countries. There's a reason for that.
The two columns represent:
Initially, it was assumed that the figures were based on existing tariffs plus other trade barriers (like regulations and licensing rules) which make trade harder.
But, the White House has now published its official methodology, and it turns out there is a simple equation behind it
The calculations are based on a country’s goods trade deficit with the US. In other words, how much more the US imports than it exports. This number is then divided by the total value of imports from that country.
Let's use China as an example: The US buys more goods from China than it sells to them – there is a goods deficit of $295bn and the total amount of goods it buys from China is $440bn.
Then, we find the percentage difference between those two numbers, which = 67% – that's the number which appears in the first column of Trump’s chart.
And to work out column two – the tariff the US wishes to impose – you simply divide that number by two.
So in China’s case, the result is 34, and there you have the tariff.
The Indonesian government says it won't retaliate against Donald Trump's tariffs, after the US president announced an additional 32% levy on its exports on Wednesday.
In a statement, chief economic minister Airlangga Hartarto says Jakarta will pursue negotiations to find a solution.
It comes after some countries, including the UK, chose not to announce reciprocal tariffs on the US.
Others, like China – one of the countries hit hardest by Trump's tariffs – have announced counter-measures.
BBC Persian
Iran is one of several countries facing a 10% US import tariff under measures brought in by the Trump administration.
But because of the limited trade between Iran and the US, the impact is expected to be minimal.
Since the 1979 revolution, trade between the two countries has shrunk. In 2024, total trade is estimated at just $100m (£78m).
Iranian exports – mostly niche food items – barely topped $170,000, while US exports, mainly medicines and farm products, reached around $94m.
It's still unclear if countries that import oil and fuel from the US will respond with their own tariffs. But with long-standing sanctions on Iranian oil exports, Tehran is unlikely to gain.
Ironically, isolation may shield Iran from shocks, although it also blocks new opportunities.
An Iranian painter repaints an anti-US murals in Tehran, Iran
Steven Rosenberg
Moscow correspondent
President Trump hit more than 180 countries with tariffs. But not Russia.
The pro-Kremlin Izvestia newspaper interpreted that as “an important signal of some kind of normalisation of relations [with America].”
It wouldn’t be the first. Since Donald Trump returned to the White House, he’s made it clear he’s ready to repair US-Russian ties.
There have been Trump-Putin phone calls and high-level US-Russia negotiations, both on Ukraine and on diplomatic ties between Moscow and Washington.
There’s also talk about potential economic co-operation between the two countries.
However, in recent days there have been very different signals coming from the White House suggesting that President Trump has been growing impatient with Moscow and now suspects that Russia is dragging its heels over ending the war in Ukraine.
Onur Erem
BBC News Turkish
Turkey is one of the countries only facing the 10% baseline tariff, so there hasn’t been much panic there.
The Turkish stock exchange fell by about 1% on Friday – much less than the drops seen on the FTSE or Nasdaq.
A 10% tariff can hurt some exports in Turkey, but not in a major way. In fact, it might even open up opportunities for Turkish firms to compete in the US market, as other countries, including some in Asia, are facing higher tariffs.
Turkey’s top exports to the US include metals, machinery, carpets, vehicles and electronics. With higher tariffs hitting other countries, US firms may look to Turkey instead.
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