International
Trump hints at softening China tariffs and says no plan to sack Fed boss
US President Donald Trump has appeared to soften his recent comments on China and the head of the US Federal Reserve after recent clashes as he pursues his economic agenda.
He said he has “no intention of firing” Jerome Powell after repeatedly criticising the head of the central bank, but he added that he would like Powell to be “a little more active” on cutting interest rates.
Speaking in the Oval Office on Tuesday, Trump also said he was optimistic about improving trade relations with China.
He said the level of tariffs – or import taxes – that he had imposed on Chinese imports would “come down substantially, but it won’t be zero”.
The president’s tariffs are an effort to encourage factories and jobs to return to the US. This is a pillar of his economic agenda – as is a cut in interest rates, aimed at reducing the cost of borrowing for Americans.
Trump has ratcheted the rate on Chinese goods up to 145% – sparking reciprocal measures from Beijing and warnings from economists about the global impact of a trade war.
In his comments to reporters on Tuesday, Trump said he would be “very nice” in negotiations with Beijing – in the hope of securing a trade deal.
Earlier, US Treasury Secretary Scott Bessent reportedly said he expected a de-escalation of the trade war, which he said was unsustainable. Responding to comments from China, he said the current situation was “not a joke”.
The trade war has led to turbulence in financial markets around the world – to which Trump’s comments on Powell have also contributed.
The Fed has not cut rates so far this year, after lowering them by a percentage point late last year, a stance Trump has heavily criticised.
Last week, the president intensified his attacks on the Fed chief, calling him “a major loser”.
The comments sparked a selloff of stocks, bonds and the US dollar – though markets have since been recovering from those losses.
National Economic Council Director Kevin Hassett said on Friday that Trump was looking into whether it would be possible to sack Powell – who he first nominated to lead the central bank in 2017.
Powell was then renewed in 2021 by Joe Biden.It is unclear whether Trump has the authority to fire the Fed chair. No other US president has tried to do so.
Most major Asian stock markets were higher on Wednesday as investors appeared to welcome the latest remarks.
Japan’s Nikkei 225 index rose about 1.9%, the Hang Seng in Hong Kong climbed by around 2.2%, while mainland China’s Shanghai Composite was down less than 0.1%.
That came after US shares made gains on Tuesday, with the S&P 500 ending Tuesday’s session up 2.5% and the Nasdaq rose 2.7%.
US futures were also trading higher overnight. Futures markets give an indication of how financial markets will perform when they open for trading.
Investors feared that pressure on Powell to lower interest rates could cause prices to rise at a time when trade tariffs are already seen boosting inflation.
Trade tensions between the world’s biggest economies, as well as US tariffs on other countries around the world, have triggered uncertainty about the global economy. Those concerns triggered turmoil in financial markets in recent weeks.
On Tuesday, the forecast for US economic growth for this year was given the biggest downgrade among advanced economies by the International Monetary Fund (IMF) due to uncertainty caused by tariffs.
The sharp increase in tariffs and uncertainty will lead to a “significant slowdown” in global growth, the Fund predicted.
Trump has imposed taxes of up to 145% on imports from China. Other countries are now facing a blanket US tariff of 10% until July.
His administration said last week that when the new tariffs are added on to existing ones, the levies on some Chinese goods could reach 245%.
China has hit back with a 125% tax on products from the US and vowed to “fight to the end”.
The Chinese government has not yet officially responded to the latest statements from the Trump administration.
However, an article in the state-controlled Global Times on Wednesday quoted commentators who said the remarks showed that the US is beginning to realise the tariffs do more harm than good to America’s economy.
BBC
Crime
Indonesia to Repatriate British Grandmother on Death Row, Says Official
Indonesia will sign an agreement on Tuesday to repatriate two British nationals convicted of drug-related crimes, including Lindsay Sandiford, a grandmother sentenced to death, according to a senior Indonesian government source.
“The practical arrangement will be signed today. The transfer will be done immediately after the technical side is agreed,” the official told AFP, naming Sandiford and Shahab Shahabadi, 35, as the individuals to be returned to the UK.
Sandiford was sentenced to death in 2013 after she was caught smuggling cocaine worth over $2.1 million into Bali from Thailand. The drugs were discovered concealed in a false bottom of her suitcase. Shahabadi, arrested in 2014, is currently serving a life sentence for separate drug offences.
Although the Indonesian source listed Sandiford’s age as 68, public records indicate she is 69.
A joint press conference with Indonesian officials and the British ambassador to Indonesia was scheduled for later Tuesday, according to the Coordinating Ministry for Legal, Human Rights, Immigration and Correctional Affairs.
Tabloid Attention and Personal Testimony
Sandiford’s case received widespread attention in the UK after she admitted to the offences but claimed she was coerced by a drug syndicate that threatened to kill her son. In a 2015 article published in The Mail on Sunday, Sandiford wrote from prison about her fear of imminent execution:
“My execution is imminent, and I know I might die at any time now. I could be taken tomorrow from my cell. I have started to write goodbye letters to members of my family.”
Originally from Redcar, in northeast England, she also wrote that she planned to sing the Perry Como hit “Magic Moments” before facing the firing squad.
During her time in prison, Sandiford reportedly became close friends with Andrew Chan, one of the “Bali Nine” Australian drug smugglers who was executed in 2015.
Policy Shift on Repatriation
The planned transfer follows recent moves by the Prabowo Subianto administration to repatriate foreign nationals serving harsh sentences for drug crimes. In December 2024, Mary Jane Veloso, a Filipina who spent nearly 15 years on death row, was allowed to return home. In February 2025, Serge Atlaoui, a French national, was repatriated after 18 years on death row.
Indonesia, known for having some of the world’s strictest drug laws, last carried out executions in 2016, when three Nigerian citizens and an Indonesian were executed by firing squad. As of early November 2025, more than 90 foreign nationals remain on death row in the country, all for drug-related offences.
The British Embassy in Jakarta declined to comment, directing inquiries to the Indonesian government.
Indonesian authorities have recently signalled the potential resumption of executions, after nearly a decade-long de facto moratorium.
International
Protest in US over Trump’s policies
Organisers said seven million people marched in protests spanning New York to Los Angeles, with demonstrations popping up in small cities across the US heartland and even near Trump’s home in Florida.
(AFP): Huge crowds took to the streets in all 50 US states at “No Kings” protests over the weekend, venting anger over President Donald Trump’s hardline policies, while Republicans ridiculed them as “Hate America” rallies.
Organisers said seven million people marched in protests spanning New York to Los Angeles, with demonstrations popping up in small cities across the US heartland and even near Trump’s home in Florida.
“This is what democracy looks like!” chanted thousands in Washington near the US Capitol, where the federal government was shut down for a third week because of a legislative deadlock.
Colourful signs called on people to “protect democracy,” while others demanded the country abolish the Immigration and Customs Enforcement (ICE) agency at the centre of Trump’s anti-immigrant crackdown.
Demonstrators slammed what they called the Republican billionaire’s strong-arm tactics, including attacks on the media, political opponents and undocumented immigrants.
“I never thought I would live to see the death of my country as a democracy,” 69-year-old retiree Colleen Hoffman told AFP as she marched down Broadway in New York.
International
Thieves steal French crown jewels
They included the emerald-and-diamond necklace that Napoleon gave his wife Empress Marie Louise, and the diadem of Empress Eugenie, the wife of Napoleon III.
•A tiara worn by the Empress Eugenie, wife of Napoleon III was stolen
Thieves wielding power tools raided the Louvre in broad daylight Sunday, taking just seven minutes to grab some of France’s priceless crown jewels, but dropping a gem-encrusted crown as they fled, officials and sources said.
Authorities recovered the 19th-century crown — damaged — near the museum.
The spectacular heist, one of several to target French museums in recent months, forced the closure of the Louvre, the world’s most-visited museum and home to the Mona Lisa.
Police are looking for a team of four thieves, Paris’s chief prosecutor Laure Beccuau, told the BFMTV channel.
Soldiers patrolled the famed glass pyramid entrance, while evacuated visitors, tourists and passersby were kept at a distance behind police tape.
It was “like a Hollywood movie”, one American tourist, Talia Ocampo, told AFP.
It was “crazy” and “something we won’t forget — we could not go to the Louvre because there was a robbery”, she said.
A culture ministry statement said eight items of jewellery had been stolen from the Gallerie Apollon which houses the French crown jewels.
“Two high-security display cases were targeted, and eight objects of invaluable cultural heritage were stolen,” said the ministry statement.
They included the emerald-and-diamond necklace that Napoleon gave his wife Empress Marie Louise, and the diadem of Empress Eugenie, the wife of Napoleon III.
Beccuau said the thieves threatened museum guards with the angle grinders they used to break into the jewellery cases. She said a team of 60 investigators were assigned to the crime.
– ‘Unsellable’ –
The robbers used a powered, extendable ladder of the sort used to hoist furniture into buildings to get into a gilded gallery housing the crown jewels, sources and officials said.
The 19th-century crown of Empress Eugenie, was found broken near the museum afterwards, a source following the robbery said, asking to remain anonymous because they were not authorised to speak to the media.
The crown, featuring golden eagles, is covered in 1,354 diamonds and 56 emeralds, according to the museum’s website.
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