US Market Roundup: Trump Threatens Tariffs, Volkswagen Seeks U.S. Revival, Citi Delays Fed Cut Outlook

U.S. President Donald Trump said the United States could strike Iran’s nuclear facilities at Mount Fordow soon and urged the Federal Reserve to cut rates sharply or face a halt in trade with countries that run surpluses with the U.S. According to Sina Finance, Volkswagen is trying to revive its U.S. business, while the National Highway Traffic Safety Administration has opened an investigation into Tesla’s Cybercab project to determine whether it meets safety standards. According to Sina Finance, Citi economists now expect the Federal Reserve to cut rates three times in 2027, each by 25 basis points, after stronger-than-expected August employment data. According to Sina Finance, Federal Reserve official Beth M. Hammack said it is time to take action to lower inflation.