Trump renews call for rate cuts, unveils plan to reshore pharma industry

28/07/2025 Argaam
US President Donald Trump

US President Donald Trump

US President Donald Trump reiterated today, July 28, his call for the Federal Reserve to cut interest rates, arguing that such policymaking would help strengthen the US economy.

 

Speaking at a joint press conference with British Prime Minister Keir Starmer following their meeting in Scotland, Trump emphasized that Fed Chair Jerome Powell should move forward with a rate cut.

 

Trump stressed that lowering interest rates is deemed crucial to support US economic growth.

 

Separately, the US President announced plans for the possible collaboration with the UK in the pharmaceutical industry, outlining a strategy to bring drug manufacturing back to American soil.

 

He noted that the US learned a hard lesson during the COVID-19 pandemic due to its heavy reliance on pharmaceutical imports, underscoring the need to regain domestic control over this critical industry.

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