US EditionTrump: US to Begin Informing Countries Friday of Tariff Rates
UNITED STATES, JUL 9 – The bill extends tax cuts and cuts Medicaid and food assistance, with critics warning 17 million will lose health care and millions more will lose jobs, amid close House vote.
- President Trump announced new tariffs between 25 and 40 percent on countries including Japan and South Korea, set to take effect on August 1.
- Trump's trade policies, including the tariffs, prompted Federal Reserve Chair Jerome Powell to delay lowering interest rates due to worsened economic forecasts.
- The tariffs and related trade tensions caused global currency declines and increased debate between political factions blaming either Trump's tariffs or Powell's rate decisions for high rates.
- Powell said, "we went on hold when we saw the size of the tariffs" and Trump called for significant rate cuts, stating, "Jerome, you are as usual too late."
- The tariffs and Fed decisions have fueled economic uncertainty, suggesting potential delays to rate cuts and ongoing political clashes over monetary policy leadership until Powell's term ends next May.
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Trump tariffs or Powell policy? Who's to blame for high rates: Bias Breakdown
There is growing tension between President Donald Trump and Federal Reserve Chair Jerome Powell over the future of interest rates. Trump is publicly urging the Fed to cut rates this month, while Powell maintains that the central bank should hold steady for now. “We should be two points lower. Two and a half would be nice,” Trump said during a White House event in June. “As long as the U.S. economy is in solid shape, we think the prudent thing to…
Coverage Details
Total News Sources12
Leaning Left2Leaning Right5Center3Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 20%
C 30%
R 50%
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