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.
Swiss pharmaceutical giant Novartis has announced a $23 billion investment to expand its U.S. operations, a move following President Trump's recent pledge to impose significant tariffs on imported drugs.
President Donald Trump has threatened to impose tariffs and sanctions on Mexico, accusing the country of violating the 1944 Water Treaty by failing to deliver agreed-upon water to Texas farmers.
President Donald Trump dismissed China's latest retaliation in the ongoing tariff battle — a reduction in the number of American films allowed in the country — with humor and confidence. During a Cabinet meeting Thursday, Trump brushed off concerns that Beijing is now targeting cultural exports, particularly Hollywood.
Following President Donald Trump’s implementation of steep tariffs on Chinese imports, Amazon has reportedly begun canceling direct import orders for products manufactured in China and other Asian nations. The cancellations come in response to Trump’s April 2 tariff hike, which raised import duties on Chinese goods to 125%.
