Donald Trump vows new tariffs, more jobs, and lower Crude Oil prices

Joshua Gibson FXStreet

United States (US) President Donald Trump struck a mix of new and familiar talking points during a cabinet meeting on Tuesday. According to Donald Trump, his administration is speeding ahead with new tariffs aimed at all imported furniture, and that his team's efforts on trade will be resulting in jobs numbers "going through the roof", and also lower Crude Oil prices.

Key highlights

I think oil prices will break $60/barrel soon.
We're leading China in AI.
Domestic auto production will be thrilling in 2 years.
Fossil fuel and nuclear energy is what works.
Ford and Stellantis are adding onto their plants.
We're doing amazingly well in steel.
Government jobs are down and private jobs are up.
New jobs numbers are going to be through the roof from new hiring.
Furniture tariff will be done pretty quickly.

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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