Trump on Canada, Powell, and Trade Talks with Europe

1. Escalation with Canada

— Donald Trump stated that the United States is preparing a response to Canada’s actions related to the newly imposed digital services tax.

— According to him, negotiating with Canada is difficult, but the country will likely abandon the new tax under pressure.

— Trump emphasized that the U.S. has serious leverage over Canada, but he would prefer not to resort to it.

2. Criticism of the Fed Chair

— Once again, Trump criticized Jerome Powell, stating that he is making a serious mistake by keeping the interest rate high.

— He noted that he would not appoint someone to the position of Fed Chair who supports the current level of rates, and believes that the rate should be reduced to 1%.

3. Negotiations with the European Union

— Trump confirmed that the U.S. has good relations with the EU, but acknowledged that trade with Europe remains challenging.

— He added that after mentioning potential 50% tariffs, the European side immediately agreed to negotiations.

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