Trump spoke out: He will demand the Federal Reserve to cut interest rates immediately and calls on the world to follow suit! He also criticized the EU for its high tariffs and urged OPEC to lower oil prices...

Produce outside the U.S. and you'll pay taxes
Trump stated that he urges companies to manufacture products in the U.S., otherwise they will face varying tariffs, which could bring hundreds of billions or even trillions of dollars into the U.S. Treasury. He also promised to reduce the corporate tax rate to 15% for companies producing in the U.S.
Criticizes EU tariffs as too high
Trump also criticized the EU for its high tariffs, restrictive regulations, and large trade deficit with the U.S. He said he would take action because it is "very, very unfair to the U.S."
Trump said he would ensure the security of U.S. energy supplies to Europe. He mentioned plans to reach an energy agreement with Europe and emphasized the importance of U.S. liquefied natural gas exports to the EU.
Calls on OPEC to lower oil costs
Trump also announced plans for large-scale intervention in the global oil market and urged OPEC countries, including Saudi Arabia, to "lower oil costs."
Demands Saudi investment of $1 trillion in the U.S.
Reports suggested Saudi Arabia would invest at least $600 billion in the U.S., but Trump said he would ask the Saudi Crown Prince to "round it up to about $1 trillion."
Hopes to meet Putin soon
Regarding the Russia-Ukraine conflict, Trump said the U.S. would work to ensure a peaceful resolution. He also expressed his desire to meet with Russian President Putin soon to discuss the conflict.
Notably, according to Cailian Press, Trump also said: "As oil prices fall, I will demand an immediate interest rate cut, and the whole world should cut rates too." Five days later, the Fed will hold its first policy meeting under Trump's administration on January 28-29, with widespread expectations that rates will remain unchanged. Trump has widely criticized the Fed for raising rates during the first two years of his term and blasted Powell, whom he appointed as Fed chair, for leading these actions.
Later, Trump publicly questioned Powell's rate decisions in an Oval Office speech, saying he plans to talk to Powell "at the appropriate time" and claiming he knows more about interest rates than Powell.
Trump said: "I think I know more about rates than they (the Fed) do, and I certainly know more than the people primarily responsible for making decisions. If I disagree, I’ll let everyone know."
When asked if he believed Fed officials would listen to him, Trump replied, "Yes."
Following Trump's call for OPEC to lower oil prices, U.S. WTI crude fell sharply by 1.4% intraday, while Brent crude dropped 1.2%. Losses widened further, with WTI falling to $74.14 after market close, down over 1.7% from Wednesday, and Brent dropping to $77.81, down about 1.5%.
On January 23 local time, all three major U.S. stock indices closed higher, with the S&P 500 up 0.53% to a record high, the Nasdaq up 0.22%, and the Dow up 0.92%.
The "Magnificent Seven" tech stocks were mixed. Nvidia rose 0.1%; Amazon (235.42, 0.41, 0.17%) gained 0.17%; Microsoft (446.71, 0.51, 0.11%) added 0.11%; Tesla (412.38, -2.73, -0.66%) fell 0.66%; Google (199.58, -0.45, -0.22%) A dropped 0.2%; Meta rose 2.08%; Apple (223.66, -0.17, -0.08%) slipped 0.08%.
U.S. chip stocks fell across the board, with ARM down over 7%, Micron (104.84, -4.39, -4.02%) Tech down over 4%, and ASML down over 2%.
The Nasdaq (20053.6781, 44.34, 0.22%) Golden Dragon China Index rose 0.13%, with most popular Chinese stocks mixed. TAL (11.07, 1.94, 21.25%) surged over 21%, Futu (92.44, 3.18, 3.56%) Holdings rose over 3%, and iQiyi (2, 0.05, 2.56%) gained over 2%; MINISO fell over 4%, Nio (4.13, -0.15, -3.50%) dropped over 3%, and XPeng declined over 2%.
COMEX gold futures fell 0.32% to $2,762.1/oz; COMEX silver futures dropped 1.83% to $30.845/oz.
WTO Director-General Ngozi Okonjo-Iweala warned on Thursday that any tit-for-tat trade war triggered by Trump's tariff threats would have "catastrophic" consequences for the global economy.
Speaking at the World Economic Forum, she said: "If we retaliate tit-for-tat, whether it's 25% or 60% tariffs, we’ll be back in the 1930s, with global GDP losses in the double digits. That would be catastrophic. Everyone would pay a price."
She compared a potential trade war to the interwar period, when countries imposed trade restrictions in response to the U.S. Smoot-Hawley Tariff Act of 1930, leading to severe global economic contraction.