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In a breaking statement, U.S. President Donald Trump announced that new tariffs on China will rise to 104% starting April 9. Trump clarified that the United States will cease any negotiations with the Chinese side following their request for new meetings, noting that any country that responds with counter-tariffs will face tougher American measures.

In this context, Trump urged the U.S. Federal Reserve to take urgent action to lower interest rates, supporting the national economy amid these rapid developments. He pointed out the need for the central bank to act quickly to lessen the impact of escalating 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 to lower rates, in an attempt to protect the U.S. economy from the repercussions of the trade dispute with China.

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