Trump: May Lower Tariffs on Some Goods, Immediate Rate Cuts Are the 'Test of Fire' for Choosing the New Chairman of the Federal Reserve
On December 9, U.S. President Trump was interviewed by the American political website Politico at the White House on December 8 local time. When asked if he was considering additional exemptions for tariffs on goods that other Americans believe are overpriced, Trump replied, 'Yes'; when asked if he ruled out the possibility of further lowering tariffs on other goods, Trump stated, 'Some goods will (have tariffs lowered), and some I will raise tariffs. What is happening now is all because of tariffs, like all car companies are returning to the U.S.' Additionally, when discussing interest rates, Trump was asked if 'immediate rate cuts are the test of fire for choosing the new chairman' and he replied, 'Yes,' but did not specify whether he had communicated with potential chairman candidates.
On December 9, U.S. President Trump was interviewed by the American political website Politico at the White House on December 8 local time. When asked if he was considering additional exemptions for tariffs on goods that other Americans believe are overpriced, Trump replied, 'Yes'; when asked if he ruled out the possibility of further lowering tariffs on other goods, Trump stated, 'Some goods will (have tariffs lowered), and some I will raise tariffs. What is happening now is all because of tariffs, like all car companies are returning to the U.S.' Additionally, when discussing interest rates, Trump was asked if 'immediate rate cuts are the test of fire for choosing the new chairman' and he replied, 'Yes,' but did not specify whether he had communicated with potential chairman candidates.
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