President Donald Trump repeated calls for cuts in the fat rate and said there is no inflation.
“Oil prices are down, interest rates are down (the slowly moving fat must reduce rates!), Food prices are down there is no inflation, and the long -abused US brings billions of dollars a week from the abused countries on customs already in place,” Trump said on a truth social post on Monday.
Trump introduced tariffs for more nations last week and increased the total tax on China to 54%, which withdrew retaliation. Since then, the markets have collapsed, with futures tied to Wall Street’s Tech-Tongue Nasdaq Index, which hits the lowest since January 2024. Bitcoin fell to under $ 75,000 early Monday.
Risk-off, combined with OPEC’s plan to increase production, has driven West Texas Intermediate (WTI) crude oil per day. Barrel price lower by 16% to $ 60 in four trading days. A lower crude oil is known to inject disinflation into the global economy.
Trump’s bias for cool rate cuts are in line with market prices for five bold -rate cuts this year. Potential bold -empowering can help markets absorb the effect of Trump’s aggressive customs policy, which is likely to remain here for some time.
Trump noted in his early Monday Truth Social Post that China has done enough for decades while taking advantage of the US
“The biggest abuser of them all, China, whose markets go down, just raised its tariffs by 34%on top of its long -term ridiculously high tariffs (plus!) Not to acknowledge my warning to abuse countries not to reciprocate. They have done enough, for decades that take advantage of the good ol ‘USA!
Over the weekend, Trump said he will not enter into an agreement with China unless the question of trade deficit is resolved.
