U.S. President Donald Trump has begun discussions on the possibility of significantly reducing tariffs on Chinese imports. Levels could drop by more than 50%.
Discussion of Tariff Reductions
Discussions inside the White House revolve around reducing tariffs on Chinese goods, potentially decreased by 50% to 65%. A tiered tariff system is also being proposed, with 35% for non-national security items and 100% or more for those deemed critical to American interests.
Trump's Comments on the Fed
Trump also addressed rumors regarding the potential firing of Federal Reserve Chair Jerome Powell, stating he never intended to fire him. "That's a media creation," Trump emphasized, denying any intentions to pursue this course of action.
Market Expectations and Economic Implications
As Trump discusses possible changes to tariffs, markets remain wary. Analysts believe that even if Trump could remove Powell, it wouldn't change the current situation regarding interest rates, as the Fed's committee does not support lowering rates at this time.
The situation surrounding tariffs and the Federal Reserve continues to raise concerns in both political and economic circles. Upcoming decisions could have significant impacts on the U.S. economy.
