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As the article is being prepared, Trump has made a new statement, and negativity in the cryptocurrency markets continues. Amid messages of softening tariffs, the EU is making statements about potentially improving trade relations with China, complicating the situation further. What did Trump say? What will happen at 21:30?
Latest on Cryptocurrencies
Unconfirmed reports by CNBC about a 90-day suspension of tariffs were denied, leading to a wipeout of market gains. A downward trend has again taken hold. White House Advisor Hassett mentioned that great deals have been made regarding tariffs, but it remains uncertain whether Trump will approve these agreements. With negotiations ongoing with 50 countries, the Fed meeting is set to begin in 30 minutes.
Upcoming Trump Statement
At 21:30, Trump will hold a press conference with Netanyahu. It is expected that he will primarily discuss tariffs, and this will be a suitable environment for his most definitive messages today. In his earlier statement, he emphasized his determination by calling for Powell to cut interest rates again.
“Petrol prices have fallen, interest rates have decreased (the slow-moving Fed should lower rates!), food prices have dropped, THERE IS NO INFLATION, and the United States, which has long been exploited, is currently receiving billions of dollars weekly from countries that abuse the existing Tariffs. This is despite China, the biggest abuser and a country whose markets are collapsing, disregarding my warning against retaliation towards these abuser countries and has instead increased tariffs by 34%. They have profited for decades by exploiting the benefits of the US! Our past ‘leaders’ should be blamed for allowing this and so much more to happen to our Country. LET’S MAKE AMERICA GREAT AGAIN!”
The current expectations for interest rate cuts in the markets are as shown above. Volatility in cryptocurrencies will be extremely high today.
