Trump Urges Fed Rate Cuts, Claims No Inflation Present

President Trump called for Federal Reserve rate cuts, asserting there is no inflation. He highlighted the following points:

Oil and food prices are down
No inflation reported in the economy
Tariffs on various nations, including a 54% levy on China
Recent market downturn with Nasdaq futures at their lowest since January 2024
Bitcoin dropped below $75,000
WTI crude oil price fell 16% to $60 per barrel
Market expectations for five Fed rate cuts this year

Trump criticized China's tariffs and stated they have taken advantage of the U.S. for decades. He emphasized that he would not negotiate with China until the trade deficit is addressed.