Trump hints at softening China tariffs and says no plan to sack Fed boss Jerome Powell

His comments come amid a trade war with Beijing, and after his attacks on the US central bank's boss.

British Broadcasting CorporationWatch LiveHomeNewsSportBusinessInnovationCultureArtsTravelEarthAudioVideoLiveHomeNewsIsrael-Gaza WarWar in UkraineUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC InDepthBBC VerifySportBusinessExecutive LoungeTechnology of BusinessFuture of BusinessInnovationTechnologyScience & HealthArtificial IntelligenceAI v the MindCultureFilm & TVMusicArt & DesignStyleBooksEntertainment NewsArtsArts in MotionTravelDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListEarthNatural WondersWeather & ScienceClimate SolutionsSustainable BusinessGreen LivingAudioPodcastsRadioAudio FAQsVideoLiveLive NewsLive SportHomeNewsSportBusinessInnovationCultureArtsTravelEarthAudioVideoLiveWeatherNewslettersTrump hints at softening China tariffs and says no plan to sack Fed boss1 day agoShareSaveJoão da SilvaBusiness reporter, BBC NewsShareSaveWatch: 'It will be expensive' - Americans react to the impact of Trump's tariffs on the economyUS President Donald Trump has appeared to soften his recent comments on China and the head of the US Federal Reserve after recent clashes as he pursues his economic agenda.

Trump said he has "no intention of firing" Jerome Powell after repeatedly criticising the head of the central bank, but added that he would like Powell to be "a little more active" on cutting interest rates.

Speaking in the Oval Office on Tuesday, Trump also said he was optimistic about improving trade relations with China.

He said the level of tariffs - or import taxes - that he had imposed on Chinese imports would "come down substantially, but it won't be zero".

The president's tariffs are an effort to encourage factories and jobs to return to the US. This is a pillar of his economic agenda - as is a cut in interest rates, aimed at reducing the cost of borrowing for Americans.

https://www.bbc.com/news/articles/c86jyw5jp6go


Post ID: d496d718-ad31-44f8-a98f-721d4bdc34a8
Rating: 5
Updated: 3 weeks ago
Your ad can be here
Create Post

Similar classified ads


News's other ads