Dozens of countries have so far reached out to renegotiate tariffs with the United States, a senior economic advisor to US President Donald Trump said.

National Economic Council Director Kevin Hassett told ABC News that Trump’s tariffs had so far driven “more than 50” countries to contact the White House to begin trade talks.

Hassett also denied that Trump hoped the new tariffs would crash financial markets to pressure the Federal Reserve to cut interest rates.

He insisted there would be no “political coercion” of the US central bank.

In a Truth Social post on Friday, Trump shared a video that suggested his tariffs aimed to hammer the stock market on purpose in a bid to force lower interest rates.

US stocks tumbled by around 10% on Thursday and Friday, after Trump announced a new global tariff regime that was more aggressive than investors had been anticipating.

Thank you for joining us as we bring you the latest developments on US President Donald Trump’s sweeping tariff plan, that has sent shockwaves around the world.

As nations digest the impact of the punitive new levies, several leaders have spoken about the desire to cut their own tariffs on imports from the US.

Investors, meanwhile, are nervously awaiting the opening of financial markets on Monday, after large falls in stock prices late last week, following the announcement.