In his recent public comments, U.S. President Donald Trump offered updates on his stance regarding tariffs on China, the Federal Reserve, and the overall market outlook. Speaking to reporters, Trump made it clear that while tariffs on China won’t reach the previously speculated 145%, they also won’t be completely removed. “It’ll come down substantially,” he said, “but it won’t be zero.”
When asked if he plans to play hardball with China during trade negotiations, Trump responded, “No. We’re going to be very nice with China. But if they don’t make a deal, we will set a deal.” His tone indicated a softer approach for now, though he left the door open for stronger action if talks don’t go well.
Trump also touched on the U.S. stock market, saying he was pleased with its performance. “I see the stock market increased pleasantly today,” he noted, suggesting market confidence may be returning.
On monetary policy, Trump clarified that he has no intention of firing Federal Reserve Chair Jerome Powell, despite ongoing tensions over interest rates. “We would like the Chair to be early or on time,” Trump said, emphasizing that he wants Powell to be “more active on rates” and push for interest rate cuts to support the economy.
These comments come as trade and monetary policy remain key issues in the lead-up to the election season, with markets watching closely for signs of the administration’s next move.
