In striking statements that reflect the features of the upcoming phase of American economic policy, U.S. President Donald Trump confirmed that he does not intend to dismiss the Chairman of the Federal Reserve, Jerome Powell, from his position, but at the same time expressed his desire for Powell to be more effective in managing interest rates in line with current challenges.
Trump stated that the American economy is currently undergoing a transitional period that requires decisive decisions in monetary and trade policy, pointing out that the United States is still reaping huge gains from the tariffs imposed on certain countries, most notably China.
Regarding trade relations with Beijing, Trump clarified that the tariffs imposed on China will not reach the rate promoted by some reports of 145%, asserting that they will decrease significantly but without being completely eliminated. He added, "We will be very nice to China if they make a deal, and if they don't, we will make the deal ourselves."
Trump emphasized that the lack of leadership in previous years allowed many countries to "plunder" the American economy through unfair agreements, but the situation has changed, and the United States is now in a position of strength, as many countries seek to conclude trade deals with it.
He also noted that those who do not seek to reach an understanding with America through clear and fair agreements will not be able to access the American market, pointing out that the current administration is setting clear conditions for dealing with international partners, and American markets are enjoying increasing trust, which reflects on the stock market's recent strong performance.
Trump concluded his statements by asserting that the upcoming phase will witness the signing of extensive agreements with multiple countries, as part of an American approach to enhance its commercial and economic position on the global stage, while safeguarding its strategic and sovereign interests.
