US Pres. Trump: If we don't make a deal with China, will substantially raise tariffs

Eren Sengezer FXStreet

While responding to questions following his speech at the Economic Club of New York on Tuesday, US President Donald Trump argued that industries had not been hurt by his administration's trade policy and said that there is no "uncertainty with regard to trade wars."

"China is already starting big US agriculture buys," Trump noted. "If we don't make a deal with China we will substantially raise tariffs on Chinese imports."

As of writing, the 10-year US Treasury bond yield was down 0.8% on a daily basis at %1.925.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD faces the next support around 1.1600

EUR/USD comes under pressure and retreats for the fourth day in a row on Tuesday, coming closer to the key 1.1600 neighbourhood amid a decent rebound in the US Dollar ahead of the largely expected 25 basis point rate cut by the Federal Reserve on Wednesday.

GBP/USD extends mean reversion as investors brace for Fed

GBP/USD eased back toward the midrange on Tuesday, shedding around one-fifth of one percent after facing an intraday technical rejection from the 1.3350 level. Price action has slumped back into the 1.3300 handle and is holding just north of the long-term 200-day Exponential Moving Average near 1.3250 as markets hunker down for the last Federal Reserve (Fed) interest rate decision of 2025.

Gold defends $4,200 in Asia as traders gear up for the Fed

Gold price bounces off $4,200 in the Asian session on Wednesday. The precious metal finds fresh demand as traders seek safety ahead of the Fed verdict, with a 25 bps rate cut fully priced in. However, a hawkish stance on future monetary policy outlook cannot be ruled out.