President Trump once again called for an interest rate cut, pointing out that the Federal Reserve has been slow in its actions. He emphasized that the U.S. gains billions of dollars weekly from customs duties and criticized China for increasing already high tariffs. In response to market declines, Trump mentioned the necessity of taking action to fix issues. Following Trump’s customs duties, markets were thrown into chaos with significant drops in risky assets like stocks and cryptocurrencies.

Meanwhile, investors are increasingly concerned about a recession due to customs duties, expecting the Fed to start cutting rates as early as May. Expectations for five interest rate cuts of 25 basis points each have risen in the U.S. this year.