In an urgent statement, President Donald Trump announced that new tariffs on China will rise to 104% starting April 9. Trump explained that the United States will stop any negotiations with the Chinese side after their request for new meetings, pointing out that any country that responds with retaliatory tariffs will face harsher American measures.

In this context, Trump called on the U.S. Federal Reserve to take urgent action to lower interest rates, in support of the national economy amid these rapid developments. He emphasized the need for the central bank to act quickly to mitigate the impact of escalating trade tensions.

At the same time, 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 U.S. economy from the repercussions of the trade dispute with China.