In an urgent statement, US President Donald Trump announced that new tariffs on China will rise to 104% starting from April 9. Trump clarified that the United States will cease any negotiations with the Chinese side after their request for new meetings, indicating that any country responding with retaliatory tariffs will face harsher American measures.

In this context, Trump urged the US Federal Reserve to take urgent action to lower interest rates, supporting the national economy amid these rapid developments. He pointed out the necessity for the central bank to act quickly to reduce 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 on interest rate cuts, in an attempt to protect the US economy from the fallout of the trade dispute with China.