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The Independent UK
The Independent UK
National
Alisha Rahaman Sarkar

What the US central bank has said about Trump tariffs

Donald Trump United States
  • President Donald Trump defends his tariff policy despite China increasing tariffs on American goods to 125%.
  • The Federal Reserve is prepared to intervene and stabilise financial markets if the trade war escalates.
  • Trump's approval ratings have declined due to the trade war's impact on consumer sentiment and market volatility.
  • Democrats are calling for an investigation into potential insider trading and market manipulation by Trump.
  • China has stated it will ignore any further tariff increases by the US, calling them economically nonsensical.

IN FULL

Tariffs live: US central bank threatens to step in as Trump still defends levies

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