US President Donald Trump called on the Federal Reserve (US Central Bank) today, Saturday, to reduce interest rates “sooner, not later.”
Trump also criticized Federal Reserve Chairman Jerome Powell, and Trump said in a social media post, “Almost everyone agrees that the Federal Reserve will reduce interest rates sooner and not later.”
“Powell, the man known for his very late, may spoil the matter again … but who knows?” He added.
Trump also said today, Saturday, that the Wall Marter chain for retail must “bear customs duties” instead of invoking them to increase prices.
Trump’s comments came in response to the saying of the largest chain of stores globally a few days ago that it would have to start raising prices this month due to the high cost of customs duties.
“Wal -Mart must stop trying to invoke customs duties to raise prices throughout the series. Gren Wall Mart is billions of dollars last year, much more than expected,” Trump said in a post on social media platforms.
He continued, “Ali Wall Mart and China ‘carrying customs duties,” and not imposing anything on the esteemed customers. “
For her part, Wall Mart said that she is always working to keep her prices as low as possible, adding that this practice will not stop.
“We will keep the prices as low as possible as long as we can do so due to the location of the limited profit margins for sale,” the stores chain said in a Reuters statement.
The CEO of Mart CEO, Dog McMelon, said that the series could not accommodate all customs duties costs due to the small profit margins for sale in retail.
He added that the company, nevertheless, is committed to ensuring that the costs related to customs duties do not lead to general goods, which are originally received from China, to high food prices.
Many American companies have reduced their expectations for the entire year or withdrawn them amid tension between the United States and its trading partners, especially China, while consumers reducing spending.
