US President Donald Trump reiterates new-old tariff threats

Source Fxstreet

United States (US) President Donald Trump spoke with reporters in Washington, DC on Monday, re-announcing plans to issue additional tariffs on automobiles, aluminum, and pharmaceuticals "soon". This follows the Trump administration's recent unilateral 25% import tax on all steel and aluminum entering the US. President Trump also took the opportunity to make a new tariff threat, announcing that the US would be imposing an additional 25% tariff on all goods coming to the US from countries that buy Venezuelan Crude Oil products.

Never one to miss an opportunity to make a statement, Donald Trump also touched on a wide variety of old and new topics. The Trump team is once again "close" to signing a "rare earths" deal with Ukraine; Trump would like to see the Federal Reserve (Fed) lower interest rates, even as the US economy sputters and inflation concerns re-emerge; Trump expects to unveil a brand-new air traffic system after a series of deadly airplane crashes immediately followed the termination of thousands of FAA workers and air traffic controllers at the beginning of Trump's term.

According to both Trump and his Commerce Secretary Howard Lutnick, April 2 remains the hard launch date of wide "reciprocal" tariffs on any country that has a tariff on US goods, with the Trump administration ready to declare foreign VAT taxes as a form of tariff as well. President Trump also noted during his roving speech that companies have been returning their operations to within the US's borders, and that they have all been investing heavily in the US economy. The specific details of which companies are moving their operations to the US and how much they are investing remain elusive.

Key highlights

Any country that buys oil, or gas from Venezuela will pay a 25% tariff to the US, effective April 2nd.

The US is putting secondary tariff on the country of Venezuela.

Companies are all coming back to the US.

Investment numbers are beyond expectations.

The CHIPS act was a disaster.

Will be announcing tariffs on autos, aluminum, and pharmaceuticals in the very near future.

Tariffs will keep US taxes low.

Energy prices are coming down.

I hope the Fed lowers interest rates.

We will get brand new air traffic system.

We’re dealing with people in Greenland who want something to happen.

Greenland is calling us, we're not calling them. It's important for national security.

I was very concerned about the economy six months ago.

We inherented a very bad situation.

Agreement on rare earths to be signed shortly.

Agreement on rare earths just about completed. I will sign soon.

We're talking about territory now and talking about power plant ownership.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Author  Mitrade
Dec 26, 2025
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
placeholder
Gold Price Forecast: Gold May Break $4,500 as Fed Rate-Hike Expectations Continue to CoolAs of the European session on August 17, gold prices (XAUUSD) were trading above $4,400, up about 0.7% on the day and reaching an intraday high of $4,416.43, extending last Friday's gains
Author  TradingKey
Aug 17, Mon
As of the European session on August 17, gold prices (XAUUSD) were trading above $4,400, up about 0.7% on the day and reaching an intraday high of $4,416.43, extending last Friday's gains
placeholder
WTI consolidates below $84.50, two-week top as bullish bias remains amid Hormuz standoffWest Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends its consolidative price move through the first half of the European session and currently trades near the $84.25-$84.30 area, close to a two-week high set earlier this Tuesday.
Author  FXStreet
Aug 18, Tue
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends its consolidative price move through the first half of the European session and currently trades near the $84.25-$84.30 area, close to a two-week high set earlier this Tuesday.
placeholder
WTI rises to near $85.00 amid escalating US-Iran tensionsWest Texas Intermediate (WTI) oil price extends its gains for the fourth consecutive day, trading around $84.80 per barrel during the Asian hours on Wednesday.
Author  FXStreet
Yesterday 02: 03
West Texas Intermediate (WTI) oil price extends its gains for the fourth consecutive day, trading around $84.80 per barrel during the Asian hours on Wednesday.
placeholder
US Treasury Department to buy back more longer-term bondsThe US Treasury Department said on Wednesday that it will buy back more of its longer-term bonds, in an effort to curb a sharp increase in borrowing costs, the Wall Street Journal reported.
Author  FXStreet
11 hours ago
The US Treasury Department said on Wednesday that it will buy back more of its longer-term bonds, in an effort to curb a sharp increase in borrowing costs, the Wall Street Journal reported.
goTop
quote