Urgent Statement, President Donald Trump announced that new tariffs on China will increase to 104% starting April 9th. Trump clarified that the United States will cease any negotiations with the Chinese side after their request for new meetings, indicating that any country retaliating with counter-tariffs will face harsher American measures.

In this context, Trump urged the U.S. Federal Reserve to take urgent action to lower interest rates, in support of the national economy amid these accelerating developments. He pointed out the necessity for the central bank to act quickly to mitigate the impact of rising trade tensions.

Simultaneously, the Federal Reserve is holding an extraordinary meeting to discuss the possibility of taking emergency economic measures, with increasing expectations of an early decision on interest rate cuts, in an attempt to protect the American economy from the repercussions of the trade dispute with China.