$BTC 💥U.S. President Donald Trump reiterated his call for the Federal Reserve to lower interest rates, emphasizing that there are no inflationary pressures.

✨Trump said in a post on Truth Social on Monday: Oil prices are low, interest rates are low (the slow Fed needs to lower them!), food prices are low, there is no inflation, and the United States, which has long been exploited, is now reaping billions of dollars weekly from countries that have mistreated it, through imposed tariffs.

✨Last week, Trump imposed tariffs on a number of countries, raising the total tariff rate on China to 54%, prompting retaliatory responses. Since then, markets have collapsed, with futures linked to the tech-heavy Nasdaq hitting their lowest levels, and the value of BTC dropping below $75,000 on Monday morning.

✨Trump's stance calling for interest rate cuts aligns with prevailing market expectations, which are pricing in five potential interest rate cuts by the Federal Reserve this year.

✨In his post on Truth Social on Monday morning, Trump noted that China has profited enough over decades by exploiting the United States.

✨Trump announced over the weekend that he would not enter into any agreement with China unless the trade deficit issue is resolved.