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Trump–Powell Showdown Intensifies as White House Floats Criminal Charges

                                                       Donald Trump and Federal Reserve Chair Jerome Powell A dramatic escalation in the long‑running tension between President Donald Trump and Federal Reserve Chair Jerome Powell has thrust the independence of the U.S. central bank into the spotlight. The conflict deepened after Powell disclosed that the Department of Justice had issued grand jury subpoenas to the Federal Reserve—an action he suggested was politically motivated. The inquiry centers on Powell’s congressional testimony about cost overruns tied to a Federal Reserve building renovation. Powell has dismissed the investigation as a pretext, arguing that the administration’s real aim is to pressure the Fed into cutting interest rates more aggressively, a move Trump has repeatedly demanded. The threat of potential...
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US, Colombia Reach Agreement on Deportations; Tariffs and Sanctions Suspended

 

The United States and Colombia have reached a significant agreement regarding deportations, averting a potential trade war. The White House announced on Sunday that Colombia agreed to accept deported migrants on U.S. military aircraft, reversing its earlier refusal. In response, the U.S. has decided to hold off on imposing threatened tariffs and sanctions.

President Donald Trump had initially threatened 25% tariffs on Colombian goods and other sanctions after Colombia declined to accept deportation flights. However, Colombian President Gustavo Petro agreed to accept the migrants, ensuring that the tariffs and sanctions will remain on hold.

Colombian Foreign Minister Luis Gilberto Murillo stated, "We have overcome the impasse with the U.S. government. The Colombian government has also prepared the presidential plane to facilitate the return of deported Colombians.

The agreement highlights the importance of cooperation between the two nations, with Colombia being the third-largest U.S. trading partner in Latin America. The U.S. is Colombia's largest trading partner, with a significant trade relationship established by a 2006 free trade agreement.

The White House emphasized that this agreement demonstrates America's respected position on the global stage and expects other nations to cooperate in accepting deported citizens.




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