Fed vs. inflation
Sources: Ministers convinced Trump not to fire Powell
US President Donald Trump said yesterday that he never had any plans to fire Fed Chairman Jerome Powell. But according to the Wall Street Journal's sources, high-ranking officials in the White House took Trump's outburst against Powell seriously.
Among other things, the officials investigated the legal conditions for firing Powell.
What, according to the newspaper's sources, made Trump refrain from firing Powell were objections from Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick.
Sources: Ministers convinced Trump not to fire Powell
US President Donald Trump said yesterday that he never had any plans to fire Fed Chairman Jerome Powell. But according to the Wall Street Journal's sources, high-ranking officials in the White House took Trump's outburst against Powell seriously.
Among other things, the officials investigated the legal conditions for firing Powell.
What, according to the newspaper's sources, made Trump refrain from firing Powell were objections from Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick.
Trump's tariff policy
Chinese analysts: Trump is pressured and worried
Panic is rising on the American side and China is in control of the tariff crisis, analysts tell the South China Morning Post.
Donald Trump's recent speech that talks are underway and that he believes a trade deal will be reached soon is "typical Trump" and his way of sending a signal to China, says Chen Zhiwu, a professor of finance at the University of Hong Kong.
- The more he talks like this, the more it shows how worried the American side is. Trump and his team are under pressure, but China shows no signs of impatience, says Chen.
Chinese analysts: Trump is pressured and worried
Panic is rising on the American side and China is in control of the tariff crisis, analysts tell the South China Morning Post.
Donald Trump's recent speech that talks are underway and that he believes a trade deal will be reached soon is "typical Trump" and his way of sending a signal to China, says Chen Zhiwu, a professor of finance at the University of Hong Kong.
- The more he talks like this, the more it shows how worried the American side is. Trump and his team are under pressure, but China shows no signs of impatience, says Chen.
Trump's tariff policy
Sources: Trump considering sharply reducing China tariffs
To defuse the trade conflict with China, the Trump administration is considering sharply reducing its tariffs. This is reported by sources for the Wall Street Journal.
In some cases, tariffs could be reduced by more than half, according to discussions underway in the White House. However, President Donald Trump is said to have not yet made a final decision on the matter.
Sources: Trump considering sharply reducing China tariffs
To defuse the trade conflict with China, the Trump administration is considering sharply reducing its tariffs. This is reported by sources for the Wall Street Journal.
In some cases, tariffs could be reduced by more than half, according to discussions underway in the White House. However, President Donald Trump is said to have not yet made a final decision on the matter.
China: The door for tariff talks with the US is wide open
China is ready to enter into trade talks with the US. This is what a spokesperson for the Chinese Foreign Ministry said on Wednesday.
– China said early on that there are no winners in a trade war. The door for talks is wide open, the spokesperson said.
The statement comes the day after Donald Trump said that he believes tariffs on Chinese goods will be significantly reduced. Yesterday, there were also reports that the US Treasury Secretary said behind closed doors that a tariff war with China is not sustainable.
China is ready to enter into trade talks with the US. This is what a spokesperson for the Chinese Foreign Ministry said on Wednesday.
– China said early on that there are no winners in a trade war. The door for talks is wide open, the spokesperson said.
The statement comes the day after Donald Trump said that he believes tariffs on Chinese goods will be significantly reduced. Yesterday, there were also reports that the US Treasury Secretary said behind closed doors that a tariff war with China is not sustainable.
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