President Donald Trump reiterated the calls to the Fed rates cuts, saying that there is no inflation.
“Petroleum prices have dropped, interest rates have dropped (the slow motion fed should reduce rates!), Food prices have dropped, there is no inflation, and the much abused time of the United States is bringing billions of dollars a week of the abuses of tariffs that are already in place,” Trump said in a social position of truth on Monday.
Trump imposed tariffs on several nations last week, which increases the total tax in China to 54%, which caused a retaliation action. Since then, the markets have collapsed, with futures linked to the Nasdaq index with technological technology of Wall Street that reached the lowest since January 2024. Bitcoin fell to less than $ 75,000 on early Monday.
The risk, together with the OPEC plan to boost production, has conducted intermediate crude oil (WTI) of the West Texas (WTI) for lower price by 16% to $ 60 in four days of negotiation. It is known that a lower crude injects deflate into the global economy.
Trump’s bias for Fed rates cuts is consistent with the market price for five Fed rates cuts this year. The potential ease of food can help markets better absorb the impact of Trump’s aggressive tariff policy, which will probably remain here for some time.
Trump pointed out in his social publication of the Truth on early Monday that China has done enough for decades while taking advantage of the United States.
“The greatest abuse of all, China, whose markets are starring, has just increased their tariffs by 34%, in addition to their ridiculously high long -term rates (in addition!), Without recognizing that my warning of abusing abusing from countries does not represent countries not taking this, and has done enough, during the decades, taking advantage of the United States!
During the weekend, Trump said he will not reach an agreement with China unless the problem of the commercial deficit is resolved.
