Trump says he’s ready to talk as new stock market losses fuel tariff chaos

The big question as global stock sell-offs point to another week of plunging markets in the US is how much pain President Donald Trump is prepared to inflict to test his tariff theories.Trump said Sunday evening that he’s “open to talking” to world leaders about new deals as he put a brave face on the chaos unleashed by his trade wars after a weekend playing golf at his exclusive Florida properties. Trump also claimed that he’d spoken to “many countries” and that despite fury abroad over his “Liberation Day” trade attacks, “They’re being very nice.”But as he flew back to Washington aboard Air Force One, stocks tumbled at the opening in Tokyo and US futures suggested more huge losses are likely on Wall Street on Monday.“What’s going to happen with the market? I can’t tell you, but I can tell you, our country has gotten a lot stronger, and eventually it’ll be a country like no other,” Trump said.

Uncertainty deepens over Trump’s endgame

It was left up to Trump’s Cabinet on Sunday to try to explain the method behind his tariff warfare, an approach he’s long wanted to implement but that many economists regard as foolish and dangerous.CNN’s Jake Tapper asked Agriculture Secretary Brooke Rollins how long the tariff chaos would last and whether it was a negotiating tactic. Her answer laid bare the policy contradiction that is causing deep uncertainty and haunting stock markets.“This is a national security issue. This is about reshoring thousands, hundreds of thousands, millions of jobs,” Rollins said on “State of the Union,” seeming to confirm that Trump is bent on a fundamental reordering of the global economy with an attempt to re-create the manufacturing strength of the height of the industrial era.