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The Guardian

Trump escalates attacks on China and threatens to raise tariffs

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President ‘hereby orders’ US firms to seek alternative locations and suggests Fed Chair is an ‘enemy’Donald Trump escalated his attacks on China on Friday, bumping up tariffs on Chinese imports and ordering US companies to leave China.Trump’s announcements on Friday – all on Twitter – came after the president launched another blistering criticism of the Federal Reserve chairman, Jerome Powell, asking: “Who is our bigger enemy, Jay Powell or [China’s] Chairman Xi?” Continue reading…



Source link : https://www.theguardian.com/business/2019/aug/23/fed-chair-jerome-powell-trump-trade-policies-new-challenge

Author : Dominic Rushe in New York

Publish date : 2019-08-23 22:22:42

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Tags : The Guardian