Trump discusses rising oil prices, car production, and job creation during cabinet meeting

    by VT Markets
    /
    Aug 26, 2025
    Trump believes that oil prices will soon exceed $60 due to a boost in domestic oil production by 300,000 barrels daily. He voiced concerns that solar energy takes up valuable farmland and made similar remarks about windmills. Car production is up by 18,000 units each month. There has been a gain of 500,000 jobs, while government jobs have dropped by 84,000. More job growth is expected as businesses return to the U.S.

    Trade And Production Developments

    Trump plans to speed up furniture production and look into imports. New trade agreements with the EU, Japan, and South Korea are finalized, with South Korea’s terms remaining the same. Oil prices are expected to rise above $60 a barrel, which is an important signal for energy markets, especially with concerns about renewable energy sources. WTI crude has been around $59 for the past week. Recent EIA data from mid-August 2025 shows a bigger-than-expected drop in inventories, hinting at increasing demand. This situation favors buying near-term call options on major oil producers and related ETFs, as prices may push past this important level. The push for more domestic car and furniture production, along with the investigation of furniture imports, signals a protective industrial policy. Looking back at trade patterns from the late 2010s, we saw how tariffs and import investigations created ups and downs but benefited domestic businesses. The July 2025 ISM manufacturing data shows an increase in new orders, supporting this trend. Traders might consider call options on key U.S. industrial and consumer companies that would gain from less foreign competition.

    Economic And Job Growth Trends

    The story of strong job growth in the private sector shows ongoing confidence in the domestic economy. The latest jobs report for July 2025 confirmed that private payrolls added over 215,000 jobs, reflecting this pro-business attitude. This strengthens the case for broad market index calls, although traders should keep an eye on interest rate futures. A strong economy could lead to a more aggressive Federal Reserve. Create your live VT Markets account and start trading now.

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