WASHINGTON — US President Donald Trump on Sunday asserted his right to impose tariffs, despite the Supreme Court last month striking down his global tariff measures. Read More: US Supreme Court strikes down Trump’s global tariffs In a series of posts on his Truth Social platform, Trump said he “has the absolute right to charge TARIFFS in another form” and […]
Jerome Powell
US Federal Reserve holds rates steady amid Trump pressure
The US Federal Reserve held interest rates steady on Wednesday, resisting pressure from President Donald Trump to implement cuts. In a 10-2 vote, the central bank maintained the federal funds rate at 3.50–3.75%, citing solid economic growth and stabilizing unemployment. Read More: Dollar faces pressure but remains dominant in global finance The Federal Open Market […]
Asian Stocks Slide as US-China Trade Tensions Flare
SYDNEY– Asian stocks dropped sharply on Monday as fears of a renewed US-China trade war unsettled investors already wary of stretched market valuations. However, Wall Street futures pointed to a recovery as risk appetite began to stabilize. US President Donald Trump’s threat of 100% tariffs on Chinese goods rattled global sentiment, though he later struck […]