Countdown to "reciprocal tariffs" on April 2! Trump says: No exemptions! No negotiations!
Mar 21,2025

On the 19th local time, the drama began! Trump urged the Federal Reserve to cut interest rates, bluntly saying that U.S. tariffs have "eaten into" its own economy. On the other hand, the Federal Reserve "stood still," announcing that it would keep the federal funds rate at 4.25% - 4.50%.
Powell said that the impact of tariffs on inflation expectations was "beyond imagination" and accounted for "a large part," although it was difficult to quantify precisely. Referring to the risk of a recession, he said that the economy was still in a "moderate zone," but the government had "made big changes" in four major areas such as trade, leading to a lot of misinformation about economic and monetary policy.

Trump has long had a "big game," threatening in February to impose "reciprocal tariffs" on agriculture around the world on April 2, saying the "disruptions" could be managed. In fact, the hidden dangers of "parity" are endless. It openly challenges the WTO and the multilateral economic and trade rules. The global supply chain and the value chain are tottering, and the economic growth and the jobs are in danger.
Sure enough, Fitch sounded the alarm on March 18 and cut its global economic growth forecast for 2025 to 2.3%, and the United States is guilty of "trade war," its own economic growth has slowed, which has also contributed to other countries, including Mexico. Inflation is soaring, companies are under pressure, investment is cool, and the Federal Reserve is blocked from cutting interest rates.
On March 19, the EU urgently "rescued itself" and issued a "steel and metals industry plan," von der Leyen stood for "transfusion" for the European industry to preserve energy, expand production capacity, promote recycling, and stabilize jobs. The fate of more than 500 production sites and more than 2.6 million employed people hangs in the line.
The global economic and trade chessboard is in shambles, where is the future?
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