President Donald Trump attributed recent stock market declines to former President Joe Biden's economic policies, distancing his own administration's tariffs from the downturn.
U.S. Treasury Secretary Scott Bessent said the administration is "very close" to completion of multiple trade deals with U.S. trading partners in Asia.
President Donald Trump personally called Amazon founder Jeff Bezos on Tuesday to address reports that the company planned to highlight tariff-related price increases on its platform — a move viewed by the Trump administration as a political jab. The call came in response to a report by CNN’s Alayna Treene, who cited two anonymous senior White House officials.
The Trump administration is accelerating its trade agenda, with 18 countries submitting formal proposals for new trade agreements, according to White House Press Secretary Karoline Leavitt.
President Donald Trump renewed his threat to fire Federal Reserve Chair Jerome Powell, escalating a standoff with the central bank over interest rates and economic policy. Speaking from the Oval Office Thursday, Trump criticized Powell for not cutting rates and declared, “If I want him out, he’ll be out of there real fast, believe me.”
China has suspended exports of critical rare earth minerals and magnets, escalating its trade war with the United States in direct retaliation to President Donald Trump's newly implemented 145% tariffs on Chinese imports.
