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Trump hints at softening China tariffs and says no plan to sack Fed boss

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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

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International

Macron Hosts Tinubu for Private Dinner at Élysée Palace (Photos)

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Reaffirming Nigeria-France Ties

French President Emmanuel Macron received Nigerian President Bola Ahmed Tinubu for a private dinner at the Élysée Palace in Paris on Thursday night, in a high-level engagement underscoring the enduring bilateral relationship between the two countries.

The dinner, held on September 17, 2026, was disclosed on Friday by Bayo Onanuga, Special Adviser to the President on Information and Strategy. In a post on X, Onanuga stated that the meeting reflected “the enduring relationship between Nigeria and France and their shared commitment to strengthening bilateral cooperation.” Photographs released from the evening showed Tinubu with Macron and France’s First Lady, Brigitte Macron, in a cordial setting at the presidential palace.

President Tinubu is currently in Europe on a three-week annual leave. He departed Abuja on August 30, 2026, first spending time in London before proceeding to Paris. The private dinner took place during the Paris leg of his vacation and marks another personal interaction between the two leaders.

In related comments, Tinubu described the evening as a pleasure and said the conversation reaffirmed the strong friendship between Nigeria and France as well as their shared commitment to deepening cooperation and building a mutually beneficial partnership. He thanked Macron for his warm hospitality and friendship.

Nigeria and France have maintained active diplomatic and economic engagement in recent years, covering areas such as trade, investment, energy, security cooperation, infrastructure, and critical minerals. The private dinner continues a pattern of direct leader-level contacts that both sides have used to advance practical cooperation beyond formal state visits.

No detailed official readout of specific discussion topics or new agreements was immediately released by either the Élysée Palace or the Nigerian presidency. Such informal encounters have previously helped lay groundwork for subsequent formal engagements between Abuja and Paris.

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Millions affected as floods strike India

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Nearly five million people have been affected by severe flooding in the eastern Indian state of Bihar, where swollen rivers including the Ganga and its tributaries have inundated vast areas following heavy monsoon rains and inflows from Nepal.

As of mid-September 2026, Bihar’s Disaster Management Department reported that around 49 to 50 lakh (4.9 to 5 million) people across 15 districts— including Patna, Bhagalpur, Saran, Vaishali, Begusarai, and others—were impacted in hundreds of gram panchayats. Several major rivers remained above danger levels at multiple gauge stations, with agricultural land submerged and villages cut off.

Authorities have distributed food packets, polythene sheets, fodder for livestock, and medical supplies, while operating community kitchens, relief camps, and nearly 1,800 boats for evacuations and transport. Local officials described ongoing challenges in accessing clean water, food, and milk for children in the worst-hit areas. Some reports noted at least a handful of drowning deaths earlier in the crisis, though the full toll continued to be assessed.

Flooding has also hit other states. In West Bengal, the death toll from recent floods climbed toward 100 even as water levels began receding in some areas, with hundreds of thousands affected and large tracts of farmland under water. Uttar Pradesh reported hundreds of thousands impacted across more than two dozen districts, with thousands evacuated and relief camps established.

The India Meteorological Department has warned of continued rain and thunderstorms in northern and central regions, keeping flood risks elevated. State governments and central agencies are coordinating large-scale relief and monitoring river levels as the monsoon remains active.

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JUST IN: All Occupants Survive as Aircraft Crashes, Catches Fire

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A Kenmore Air seaplane carrying 11 people crashed and burst into flames during an emergency landing near Sucia Island in Washington state’s San Juan Islands on Tuesday evening, September 15, 2026. All occupants survived.

The de Havilland DHC-3 Otter, operating as Flight 140, took off from Lake Union in Seattle around 4:30 p.m. bound for Roche Harbor on San Juan Island. About 45 minutes later, at approximately 5:15 p.m., the single-engine floatplane made an emergency landing in Shallow Bay off Sucia Island after the pilot adjusted course due to weather.

The aircraft struck the water, hit rocks along the shore, and then caught fire, with flames and black smoke engulfing much of the wreckage.

Videos from nearby boats captured the plane tilting and bouncing on the water before coming to rest against the rocky coastline. Passengers and the pilot escaped the aircraft before it was fully consumed by fire. Nearby recreational boaters reached the scene first and assisted in the rescue, followed by a multi-agency response involving the U.S. Coast Guard, U.S. Navy, Canadian Coast Guard, local fire and rescue teams, and the San Juan County Sheriff’s Office.

All 11 people on board—10 passengers and one pilot—were accounted for and transported for medical care. Injuries included head trauma, broken bones, and lacerations. One person was initially reported in critical condition; by the following day, three remained hospitalized in satisfactory condition, while the pilot and others had been released or discharged.

The National Transportation Safety Board and Federal Aviation Administration are investigating the incident. Preliminary information indicates the pilot reported bad weather that prevented a landing at the intended destination, though the exact cause remains under review. Kenmore Air canceled flights the next day to support those involved and is cooperating with authorities.

Sucia Island, a popular state park north of Orcas Island near the U.S.-Canada border, saw a swift response that officials credited with helping ensure everyone survived the fiery crash.

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