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
International
Trump kicks off his ‘Board of Peace,’ as war clouds loom on Iran
Trump, who has sharply curtailed foreign aid, said that the United States would contribute $10 billion to the initiative whose goals include rebuilding Gaza, which was reduced to rubble by two years of war between Hamas and Israel.
Image credit : AFP
President Donald Trump on Thursday promised $10 billion for a new “Board of Peace,” an amorphous new institution focused first on Gaza that is being launched just as he threatens Iran with war.
While US warplanes and aircraft carriers headed toward Iran on his orders, Trump welcomed some two dozen allies from around the world to the gleaming Washington building of the former US Institute of Peace, which has been gutted and renamed after the 79-year-old Republican.
Trump, who has sharply curtailed foreign aid, said that the United States would contribute $10 billion to the initiative whose goals include rebuilding Gaza, which was reduced to rubble by two years of war between Hamas and Israel.
“Together we can achieve the dream of bringing lasting harmony to a region tortured by centuries of war, suffering,” said the realtor-turned-president, who has previously spoken improbably of building tourist resorts in Gaza.
Trump did not explain exactly where the money would go and his “Board of Peace” has drawn wide criticism for its opaque nature.
Trump will wield veto power over the “Board of Peace” and can remain its head even after leaving office, while countries that want to stay on permanently rather than enjoy a two-year stint will need to pay $1 billion.
In a rambling speech in which he denounced domestic opponents, highlighted stock market gains and hailed his prowess in endorsing foreign leaders during elections, Trump said he wanted to pursue more peace deals.
Bellarmine Chatunga Mugabe, the youngest son of the late former Zimbabwean President Robert Mugabe, has been arrested following a shooting incident at his residence in the upscale Hyde Park suburb.
According to reports from South African media outlets including eNCA and IOL, as well as Gauteng police investigations, an employee—described variably as a security guard or gardener—was shot during an apparent dispute at the property.
The victim is in critical condition and receiving medical treatment.Police responded to the scene, where Mugabe was reportedly taken into custody in connection with the shooting.
Some unconfirmed social media accounts and early reports mentioned police negotiators attending amid claims the suspect had barricaded himself, but he was subsequently arrested.
This marks the latest in a series of legal troubles for Bellarmine Chatunga Mugabe, who has previously faced charges related to assault in Zimbabwe, including incidents involving security personnel and law enforcement.
The investigation by the South African Police Service (SAPS) is ongoing, with more details expected as the case develops. Authorities have not yet released an official statement on charges or motives.
The incident has drawn significant attention online and in regional media, given the family’s prominent political legacy.
A powerful explosion devastated the Abundant Life Fellowship Church in this rural community on Tuesday morning, February 17, 2026, leaving five people—including the church’s pastor and four firefighters—critically injured, authorities said.
The blast occurred around 10:25–10:30 a.m. at the church located on State Route 12 in the Town of Boonville, Oneida County, approximately 50 miles northeast of Syracuse. Emergency responders were initially dispatched after reports of a strong gas odor inside the building.
According to New York State Police, a preliminary investigation indicates that four individuals were in the church basement when the furnace activated, triggering the explosion.
A fifth person a firefighter was on the first floor attempting to ventilate the structure and was thrown against a wall by the force of the blast.
The injured have been identified as:
– Brandon Pitts, 43, pastor of Abundant Life Fellowship Church
– David Pritchard Jr., 60, Boonville Fire Chief
– Allan Austin, 67, Boonville Fire Department firefighter
– Nicholas Amicucci, 43, Boonville Fire Department firefighter
– Richard Czajka, 71, Boonville Fire Department firefighter
All five victims were transported to regional hospitals, including Upstate University Hospital and Wynn Hospital, where they remain in critical but stable condition.
The explosion caused catastrophic damage to the church building, which officials now consider “destroyed.”
Thick black smoke billowed from the site following the blast.
State police emphasized that there is no indication of criminal activity at this time, and the incident appears to stem from a propane or gas-related issue in the heating system.
The investigation is ongoing.Community members and first responder agencies have expressed support for the injured and their families as recovery efforts continue.
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