🚀 Update News: President Trump & Elon Musk participates in a Press Conference – U.S. Trade Deals in Focus! 🇺🇸
➡️ On May 30, 2025, President Donald Trump held a press conference with Elon Musk in the Oval Office, marking Musk's departure from his role as head of the Department of Government Efficiency. Trump praised Musk as "terrific" and indicated that, despite stepping down, Musk would continue to informally support the administration.
➡️ During the conference, Trump addressed recent developments in U.S. trade policy, particularly concerning tariffs. He criticized a federal trade court's ruling that deemed his tariffs illegal, asserting that his use of tariffs had brought significant revenue into the U.S. economy. Trump expressed confidence that the Supreme Court would overturn the decision.
➡️ The press conference also touched on ongoing trade negotiations. White House National Economic Council Director Hassett stated that the administration has various options regarding tariffs and that the rulings would not affect ongoing trade agreements. He expressed confidence in the success of the appeals and mentioned that more trade agreements are expected in the coming weeks.
➡️ Given the current market volatility, traders are advised to exercise caution. Whether holding long or short positions, consider taking profits to manage risk effectively. Stay informed and trade safely.
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