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In a sudden statement, President Donald Trump announced that new tariffs on China will increase to 104% starting from April 9. Trump explained that the United States will halt any negotiations with the Chinese side after their request for new meetings, indicating that any country that retaliates with counter-tariffs will face harsher American measures.

In the same context, Trump urged the American Federal Reserve to take urgent action to lower interest rates, supporting the national economy amidst these rapid developments. He pointed out 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 American economy from the fallout of the trade dispute with China.