White House Signals Imminent Trump Statement on U.S. Economy

The White House said President Donald Trump will deliver a statement on the U.S. economy later today, Aug. 7. Reporters have been asked to gather in the Oval Office for what officials are describing as a “major” announcement. No details have been released about the content of the forthcoming remarks. The sudden call-in suggests the administration may be preparing new policy measures or an assessment of economic conditions following the recently imposed 145% tariff on Chinese goods. Bloomberg will update as information becomes available.