Trump Softens Stance on China and Fed Chair Powell Amid Economic Push
U.S. President Donald Trump appeared to temper his tone on both China and Federal Reserve Chair Jerome Powell on Tuesday, signaling a more diplomatic approach to key economic issues after weeks of sharp rhetoric.
Speaking from the Oval Office, Trump clarified that he has “no intention of firing” Powell, despite his repeated public criticisms of the central bank leader. However, he added that he’d like to see the Fed become “a little more active” in lowering interest rates to stimulate the U.S. economy.
Trade War Easing?
Trump also struck a more conciliatory tone on U.S.-China trade relations, stating he remains “optimistic” about reaching a deal. He noted that tariffs on Chinese goods—some of which have been hiked to as high as 145%—would eventually “come down substantially, but it won’t be zero.”
“We’ll be very nice,” Trump said of upcoming negotiations with Beijing, hinting at potential compromises in the ongoing tariff dispute.
The tariffs, a centerpiece of Trump’s “America First” economic agenda, are designed to repatriate manufacturing jobs and bolster U.S. industry, but they’ve also triggered retaliatory measures from China and drawn widespread concern from global economists.
Fed Pressure and Market Jitters
Trump’s public pressure on the Federal Reserve to cut rates has also unnerved financial markets. His softened stance toward Powell could ease some of that anxiety—especially amid ongoing market turbulence fueled by the trade war and concerns over central bank independence.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
