In his remarks, US President Donald Trump delivered important messages regarding both domestic economic policy and international trade policy. His comments sparked new debate on tariffs, inflation, the risk of a government shutdown and global trade relations.
President Trump predicted that inflation would “improve very quickly” and said “inflation will soon reach 1.5%.” The statement also drew attention to the Fed’s monetary policy expectations for next fiscal year.
President Trump said he is working on a “slightly lower tariff structure” for Switzerland as part of his trade policy. Switzerland is known as one of the United States’ trading partners with a small volume but high added value.
President Trump announced that the United States would use tariff revenue to pay $2,000 in dividends to middle- and low-income Americans. “These payments are made entirely through tariffs,” Trump said, arguing that the plan would increase economic equity.
The president also mentioned the ongoing Supreme Court case over the tariffs, saying there would be an “economic catastrophe” if the court rules the tariffs invalid.
President Trump said the deal being developed to end the government shutdown is a “very good deal.” He also said the new health care plan will “prioritize people, not companies.”
Regarding the government shutdown, he said, “This country will return to normality very quickly.”
*This is not investment advice.
