See every side of every news story
Published loading...Updated

Trump Holds Firm on Tariffs, Fed Declines to Cut Rates

SOUTH KOREA, JUL 31 – Trump imposed new tariffs of up to 40% on Brazil and 25% on South Korea to address trade imbalances, while the Federal Reserve held interest rates steady amid inflation concerns.

Summary by WGN 9
WASHINGTON (NEXSTAR) - With a Friday deadline looming, President Donald Trump approves new tariffs on Brazil and copper, pressuring nations to strike trade deals.  At the same time, the fed says it won't cut interest rates. The president is taking a hard line on trade, signing off on new tariffs while threatening more to come but as he turns up the pressure globally, he's also clashing with the Federal Reserve here at home. President Trump signe…
Podcasts & Opinions

9 Articles

The arm between Donald Trump and the Federal Reserve is intensifying. The president accuses the institution of sabotaging the economic recovery by refusing to lower rates quickly. As the Fed approaches a decisive meeting and in the midst of growing trade tensions, it is under the fire of criticism. In an increasingly politicized climate, the independence of the central bank is put to the test, while the markets are scrutinizing its least signals…

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 80% of the sources are Center
80% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

IBTimes broke the news in United States on Wednesday, July 30, 2025.
Sources are mostly out of (0)