Is the Federal Reserve secretly freaking about about Trump's tariffs?
The Federal Reserve has been quietly observing the economic landscape, and some experts believe they're secretly freaking out about the impact of tariffs on the US economy. But you wouldn't know if you were to closely study Fed Chairman Jerome Powell.
Another example of Trump's flip-flopping began on Friday when he said he was open to lowering the tariffs he placed on China. This weekend, US and Chinese officials met in Switzerland. And lo and behold, there is news. It's not great, but it's a step in the right direction.
According to the BBC, Global stocks are up after China and the U.S. agreed to slash tariffs by 115 per cent. The deal is temporary, and the U.S. Tariff of 30 percent is still HIGH. This is from the BBC "After months of tit-for-tat tariff measures, the US and China have announced a major reduction in levies against each other, albeit temporarily. It marks a de-escalation of the ongoing trade war between the two countries. Here's what we've learned so far today: Both sides are set to slash tariffs by 115% - with US tariffs on Chinese products falling to 30% and China's reciprocal tariffs on the US falling to 10% The changes will take effect on Wednesday and continue for 90 days - allowing time for both sides to ease tensions through negotiations.
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