Donald Trump has once again shaken up the U.S. economic landscape, launching a scathing attack on Federal Reserve Chairman Jerome Powell and openly suggesting that the Federal Reserve Board of Governors should take control if Powell refuses to cut interest rates.

“If Powell doesn’t cut rates, the Fed Board must take control,” Trump declared, calling Powell a “stubborn fool” who is “once again late, angry, stupid, and overly political.”


💥 But Trump’s actions over the last 24 hours speak louder than words:

🔹 Highest tariffs in U.S. history – Through an executive order, Trump imposed reciprocal tariffs ranging from 15% to 41% on imports from 67 trading partners. These tariffs will take effect on August 7.

🔹 Canada under pressure – Tariffs on Canadian goods not covered by the USMCA will rise from 25% to 35%, and a new 40% transshipment tax will be applied to deter attempts to circumvent tariffs by routing goods through third countries.

🔹 Crackdown on Switzerland – Goods imported from Switzerland will now face a 39% tariff, up from the previously threatened 31%.

🔹 Mexico gets a 90-day extension – The temporary tariff agreement with Mexico has been extended, but the country will continue to face 25% duties on automobiles and 50% on steel, aluminum, and copper.

Trump’s sharp comments come at a time when markets are eagerly watching the Fed for signs of a rate cut. The president has clearly lost patience with Powell’s cautious approach, which he has previously criticized as sluggish and ineffective.

🗣️ “Mr. Powell, who’s always late, is back to his old ways! Too late, too angry, too dumb, and too political,” Trump said bluntly.

These bold moves highlight Trump’s increasing pressure on the Fed and signal a fundamental shift in U.S. trade policy. Traders, investors, and global markets are holding their breath. If the Fed doesn’t yield, tensions between the White House and the central bank may intensify even further.

#TRUMP , #Powell , #Fed , #TradeWars , #TrumpTariffs

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