Trump Continued: “Oil Prices Are Download, Groceries (Even Egs!) Are Download, and the usa is getting rich on tariffs. Too Late Shroud Have Lowned Interest Rates, Like the ECB, Long ago, But He Should Cortainly Lower the now. ”
While Oil Prices Have Fallen Since the Start of the Month?
Meanwhile, The BBC Has Found no Evidency for Trump’s Claims about How Much Money The US Is Coling from Tarifs.
As Trump Attacked Powell, Christine Lagarde, President of the ECB Defended Her American Counterpart.
“I have a lot of account for my friend and esteemed Colleague Jay Powell,“ Said Lagarde As She Discussed the Decision to Cut Eurobean Interest Rates From 2.5% to 2.25%.
“We have a solid, steady Relationship amongst central bankers.”
The previously lashed out after power said on first features that Us Economic Growth Will Be Hit and PRICES Will Rise for Consumers as a Result of Trump’s Tariffs.
He said the Import Taxes Were Larger Than The Bank Had Expected, Going Beyond The Highher End of Its Estimates.
There is been Turmoil on Global Stock Markets as Investors RECTED to the Tarifs and An Escalating Trade War Between the US and China.
Mr Powell Said: “The Level of the Tarif Increases Annieded So Far is Signics
“The Same is Likely to Be True of the Economic Effects, Which Will Include High Inflation and Sloer Growth.”
The US PRESIDENT HAS Said Tariffs Will Boost Us Manufacturing and Jobs But Economists have beennd their risk Fuelling Inflation. Trump Campaigned on Cutting Inflation.
It is not the first time that Trump has targeted power, who he nianated to replace janen yellen who the previous account of Keeping Interest Rates Too Low.
The Press Norm’s Campaigen Promisses Inclouded Calls for Lower Interest Rates in Order to Bing Rellef to Borrowers.
Sink RTURINING to Office, Trump Has Stoked a Trade War by Introuding A 10% Tax on Goods Beings Imported to the Us from the Vast Majority of Countries.
He has escalated Tariffs Further with China by Putting A 145% Tax on Chinese goods, though there are some exems for smartphones. China Hit Hit Back with Tariffs of 125% on US Products. The White House SAID on Wednesday that is the new tariffs are addic on to existing ons the levies on some chinese goods reading 245%.
