President Trump left Federal Reserve Chair Jerome Powell again on Thursday from the White House and never tried to hide how he felt.
In a Post In the social reality, the President wrote, “'Late' Jerome Powell is a fool, with no hint. Other than that, I like him so much!” The attack came less than 24 hours after Powell and the Fed announced that they would retain interest rates where they were for the third straight month.
Trump has again lied that oil and energy prices have dropped, said Groseri and egg prices have dropped, and boasts that there is no “almost no inflation.” He added, “the tariff money pouring into the US – the exact opposite of 'late!' Enjoy! “
The President launched this Tirade after days of tightening between the Fed rate policy and his push to show the American economy heal. Trump has repeatedly pushed the narrative that his trading policies bring in revenue, cut costs, and do what Powell can't do.
Trump announces 10% tariff floor, praising the UK but slapping other trading partners
While Powell Jab caught all the attention online, Trump used the same day to confirm a new tariff policy policy. Standing at the Oval Office, he told reporters that 10% would be the lowest rate in imports from countries seeking to secure trade dealings in the United States.
“Some will be higher because they have huge trading surpluses and in many cases they don't treat us right,” he said.
Trump made these statements during the formal announcement of a new trade deal with the United Kingdom. He said the UK got a 10% baseline because it was “always treated with us with respect.” Then he said in the room, “That's a low number, they make a great deal.”
He is clear that this rate will not be applied to the entire board and shot a question from a reporter who asked if it was a template for future deals. “No, no,” he said flat.
The President said the final pressing of the UK agreement was still employed, but claimed that the outcome would include “billions of dollars of increasing access to the market for American exports.” He also said Britain has agreed to reduce or eliminate some barriers that have not tariffs on US products unfairly in the past.
A Post From the reality of Trump's social account shared a chart during the event that showed us tariffs in the UK will remain at 10%. Both charts showed British tariffs on US goods coming down between 5.1% and 1.8%, even without explanation of how those numbers were calculated.
Starmer praises Alliance, Limited Call Deal Deal
UK prime minister Keir Starmer joined the Oval Office's event remotely and said, “We have built an incredible platform for the future.” But the response to Washington is not all clapping and nods.
Josh Lipsky, who is leading the international economy at the Atlantic Council, told CNBC that the deal “was a very small win, and it was limited to the scope.” He argues that deals like these are not easily repeated in countries with greater trading imbalance in the US
Meanwhile, agricultural secretary Brooke Rollins said he would travel to Britain next week to continue talking about expanding US meat exports under a new agreement.
Back in London, 10 Downing Street released its own statement following the announcement. A spokesman for Starmer said, “The conversations in a deal between our countries continue to speed and the Prime Minister will update later today.”
The statement emphasized that Starmer “has always been acting in Britain's national interest,” and called the US “a necessary allies for our economic and national security.”
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