In an urgent statement, US 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, indicating that any country that responds with counter-tariffs will face harsher American measures.

In this context, Trump urged the US Federal Reserve to take urgent steps 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 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 American economy from the repercussions of the trade dispute with China.