|

US President Donald Trump warns the US will cease to be a country if tariffs struck down

US President Donald Trump made an appearance on Tuesday, announcing that the US "Space Force" would be relocating to Huntsville, Alabama, which would now be dubbed "Rocket City".

Russia's 50-day grace period to achieve a ceasefire with Ukraine or face stiff economic penalties has come and gone. President Trump remains silent on the subject of retaliatory sanctions on Russia in the face of Russian President Vladimir Putin once again flouting President Trump's demands, but Trump did note that he was "disappointed" in Putin.

Key highlights

I will appeal the tariff ruling.
I am not concerned about China and Russia ties.
They would never use their military on us.
I'm very disappointed in Putin.
Losing appeal on tariffs would be an economic disaster.
China, India, and Brazil kill us with tariffs.
Stock market goes down because of uncertainty.
US Space Command will move to Alabama from Colorado.
We will work something out with Canada on the Golden Dome.
Drugs and other things are coming from Venezuela.
Regarding Putin, I have learnt things that are interesting.
We're going to send the National Guard to Chicago.
Chicago and Baltimore are hellholes right now.

The US is in serious trouble without tariffs.
Appeals court ruled against our nation on tariffs.
We're going to go to the Supreme Court tomorrow.
We will ask for an expedited ruling.
The stock markets need and want the tariffs.
I would have to give back tariffs if the appeal is denied.
We need a very serious rate cut.
I am thinking about addressing the housing emergency, need a little help from the Fed on that.
On China-Russia-North Korea summit: This is not a challenge.
China needs us more than we need them.
We will see if anything comes out of the Alaska Putin summit.
Judge says can leave 300 marines in LA.

Author

Joshua Gibson

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.

More from Joshua Gibson
Share:

Editor's Picks

GBP/USD bounces off lows, back above 1.3200

After bottoming out near 1.3160, GBP/USD manages to regain a bit of shine and reclaim the 1.3200 mark and beyond at the end of the week. Stronger-than-expected UK Retail Sales data seem to be helping the British Pound limit its losses, while the chaotic UK political environment keeps the bulls at bay for now.

EUR/USD looks consolidative around 1.1460

EUR/USD stages a modest rebound after slipping to a three-month low below 1.1420 at the end of the week. That said, the pair now looks to consolidate humble gains just above 1.1460 despite growing uncertainty surrounding the next round of US-Iran negotiations, which keeps the US Dollar’s downside contained.

Gold remains vulnerable, targets $4,100

Gold retreats for the fourth consecutive day on Monday, targeting the key $4,100 mark per troy ounce. The precious metal continues to face headwinds from the Fed's hawkish stance and renewed uncertainty surrounding the US-Iran negotiations.

Breaking: Iran closes the Strait of Hormuz amid ceasefire deal violation
Iran says it is closing the Strait of Hormuz after accusing the United States (US) and Israel of violating the ceasefire. According to Iran, the decision came over the continued Israeli strikes in Lebanon. The Iranian Revolutionary Guard Corps Navy issued a warning to all vessels: "Do not approach the Strait of Hormuz; otherwise, your security will be jeopardized."
The Iran war didn't break the US economy, but what happens next?

Nearly four months after the start of the Iran war, the US economy remains remarkably resilient. While the conflict initially triggered a severe disruption to global energy markets and a sharp rise in Oil prices, recent diplomatic progress between Washington and Tehran has eased concerns about a prolonged supply shock.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.