President Trump Discusses Federal Reserve, Gaza, UK Trade, and TikTok

Federal Reserve and Economic Policy

• 🎯 President Trump stated that Stephen Mnuchin is now on the Federal Reserve and that the Fed has done a "lousy job" with rates.
• 💡 He believes rates should be "much lower" and that the Federal Reserve should listen to "smart people like me" who have better instincts.
• 🧠 Trump asserted that he, along with a few others, correctly predicted economic outcomes while "all the economists got it wrong."

Gaza Conflict and Hostages

• ⚠️ Trump commented on the ground offensive in Gaza City, warning that Hamas would be in "big trouble" if they use hostages as human shields.
• 🗣️ He indicated that Hamas's alleged plan to use hostages for protection would lead to severe consequences.

UK Visit and Trade Relations

• 🤝 Trump expressed his strong relationship with the UK and King Charles, noting the honor of being hosted at Windsor Castle.
• 📈 He mentioned discussing trade, aiming to refine a previous trade deal and help the UK, while also noting the significant revenue his administration brought in through tariffs from countries like the EU and Japan.

TikTok and Trade Deals

• 📱 Trump announced a deal on TikTok, which he plans to confirm with President Xi of China, involving a group of "very big companies" wanting to buy it.
• 💰 He highlighted the desire of children and parents for TikTok to remain available, and his reluctance to see its value lost.

Tariffs and Global Trade

• ⚖️ Regarding auto tariffs, Trump clarified that he has not compromised, and the current rate is 15%, down from 25%, with potential for higher tariffs on items like chips and pharmaceuticals.
• 💸 He emphasized the substantial revenue generated from tariffs on the EU ($950 billion/year) and Japan ($650 billion/year), stating these countries paid nothing before his administration.
• 🚀 A potential Supreme Court ruling on tariffs is anticipated to make the US "by far the richest country anywhere in the world," leading to trillions of dollars in revenue and significant negotiation power.