U.S. President Donald Trump speaks at the White House in Washington, D.C., U.S., April 22, 2025. Kevin Lamarque | Reuters President Donald Trump on Tuesday said he has “no intention” of firing Federal Reserve Chair Jerome Powell before his term leading the U.S. central bank ends next year. “None whatsoever,” Trump said in the Oval…
Treasury Secretary Scott Bessent told investors in a closed-door meeting Tuesday he expects “there will be a de-escalation” in President Donald Trump‘s trade war with China in the “very near future,” a person in the room told CNBC. “The next steps with China are, no one thinks the current status quo is sustainable” with tariff…
President Donald Trump, right, speaks as Jerome Powell, Trump’s nominee as chairman of the Federal Reserve, listens during a nomination announcement in the Rose Garden of the White House in Washington, D.C., Nov. 2, 2017. Olivier Douliery | Bloomberg | Getty Images White House economic adviser Kevin Hassett said on Friday that President Donald Trump…
Kevin Warsh, former governor of the US Federal Reserve, during The Semafor World Economy Summit in Washington, DC, US, on Thursday, April 18, 2024. Samuel Corum | Bloomberg | Getty Images President Donald Trump has spoken with former Federal Reserve Governor Kevin Warsh about possibly replacing the current central bank chairman, Jerome Powell, before his…
Dilara Irem Sancar | Anadolu | Getty Images China last week announced it was done retaliating against U.S. President Donald Trump’s tariffs, saying any further increases by the U.S. would be a “joke,” and Beijing would “ignore” them. Instead of continuing to focus on tariffing goods, however, China has chosen to resort to other measures,…
U.S. President Donald Trump‘s moves to take China to task on trade are likely to backfire as his sweeping global tariffs hit allies as well as rivals, according to former national security advisor John Bolton. “This is certainly not the way you treat your friends. You don’t slap them in the face publicly and say,…
Apple CEO Tim Cook greets former President Barack Obama at the inauguration of U.S. President Donald Trump at the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Julia Demaree Nikhinson | Getty Images Apple shares rose more than 2% on Monday, pushing the company’s market cap back above $3 trillion, as Wall Street…
U.S. President Donald Trump Nathan Howard | Reuters President Donald Trump and his top trade officials on Sunday added to the confusion over his administration’s tariff plans, including newly announced exemptions for reciprocal tariffs on electronic products such as phones, computers and semiconductors. Trump and his aides suggested the exemptions — which erased added tariffs…
China’s Commerce Ministry called the U.S. tariff exemptions a “small step” and urged U.S. President Donald Trump to “completely abolish” the reciprocal tariffs, which include a 145% duty on imports from China. “We urge the U.S. to heed the rational voices of the international community and domestic parties, take a big stride in correcting its…
Container vessels and shipping containers at Yangshan Deep-Water Port on Oct. 18, 2024, in Shanghai, China. Vcg | Visual China Group | Getty Images Apple’s iPhone and other technology hardware, from chips to PCs, received a China tariff reprieve from President Trump on Saturday, but for much of the U.S. economy and small business owners,…