Donald Trump says the US is so strong it can just make other countries do things

Joshua Gibson FXStreet

United States (US) President Donald Trump declared on Thursday that the US is so strong it can just "get people to do things". Trump was speaking to reporters aboard Air Force One.

According to President Trump, more countries need to join forces with the US to cease purchases of Russian oil. Ostensibly, Trump is trying to use the global community to apply pressure on Russia to end the invasion of Ukraine, without applying pressure directly on Russia via his own administration. Donald Trump campaigned on isolationist rhetoric, making Trump's pivot into calling on NATO and other global allies for political assistance another case of policy whiplash.

US lawmakers apparently sent a letter to Donald Trump asking him to further squeeze foreign allies for economic assistance in pressuring China into further loosening its policy controls over key industries, including minerals and aircraft. The letter comes after the introduction of a Senate bill that proposes a tariff strategy that would "zero out" minerals tariffs on partnered countries. US elected officials continue to scramble behind the scenes to walk back some of the damage done to the US economy since Trump started slinging ever-changing tariff levels across the board in April.

Trump extended his comments on Russia and China into an interview on Fox News, suggesting that his claims of offering air defense protection to Poland would explicitly be withheld until the Russian invasion of Ukraine has ended. Donald Trump has notably softened in his previously-hard stance on Russia. His self-stated frustration with Russian President Vladimir Putin has apparently evaporated, with Trump suggesting that UK sanctions against Russian Crude Oil would be the key to ending the war in Ukraine, rather than putting pressure on Putin directly.

Key highlights

It doesn't feel like the time to ask Putin for a ceasefire.
We need to bring oil prices down further. If we get oil down, the war ends.
There's a lot of oil left (in the North Sea).
There's always strings in the US (regarding UK trade deals).
The US is so strong, we can get people to do things.
UK's PM Starmer said that Europe buying oil from Russia is not good, Starmer agrees that Europe has to stop buying oil from Russia.
K's PM Starmer is not a culprit on Russian oil.

Russian drones shouldn't have been that close to Poland. I can't comment whether drones were a mistake or not.
On air protection for Poland: When I said we would help, I meant after the war is settled.
I don't mind sanctions.
We're very close to deals with China’s President Xi on trade and TikTok.
If the UK sanctions China, Ukraine war would maybe end.
It sounds like China has approved TikTok.
We made a deal with the UK. They want adjustments on steel.
I could see giving tariff rebate to Americans.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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