FMP
Trump Weighs In on China, Tariffs, and Fed Chair Powell
Apr 18, 2025 6:56 AM - Parth Sanghvi
Image credit: History in HD
At a press event following his meeting with Italy's Prime Minister Meloni, President Donald Trump touched on U.S.-China trade, tariff revenues, Federal Reserve leadership, and ongoing negotiations with major economies. Here are the highlights:
On China Trade Talks
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“We're going to make a deal… I think we're going to make a very good deal with China.”
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Not worried about recent visits between President Xi and U.S. allies: “No… nobody can compete with us—nobody.”
On Tariff Revenues
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“We're getting 25% on cars, 25% on steel, 25% on aluminum… a 10% baseline on everything else.”
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“We're taking in hundreds of billions of dollars”—a revenue stream the administration says it never saw before.
On Negotiations with Key Economies
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“We're working on the big 15 economies first.”
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Treasury Secretary Scott Bessent: “Fantastic meeting with Japan… EU talks underway… Korea next week, India soon—moving very quickly.”
On Fed Chair Jerome Powell
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“He's always too late, a little slow…I'm not happy with him. If I want him out, he'll be out of there real fast.”
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White House insiders warn removing Powell could unsettle financial markets.
Market Impact & Sector Valuations
Trump's remarks drove volatility across equities and fixed income, with tariff-sensitive sectors particularly on edge. To monitor how sector valuations are reacting in real time, consult the
🔗 Sector PE Ratio Market Overview API from Financial Modeling Prep.
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