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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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China Urges Dialogue Over Trump's Tariff, Avoids Immediate Escalation


Beijing has sharply denounced the Trump administration’s imposition of a 10% tariff on Chinese imports, calling the measure a breach of international trade rules that undermines the global economic order. While the Chinese finance and commerce ministries confirmed plans to challenge the tariff at the World Trade Organization and hinted at taking "countermeasures" to protect national interests, they stopped short of launching an immediate retaliatory strike.

In its measured response, China's foreign ministry underscored that the issue of fentanyl—the potent opioid cited by Washington as justification for the tariff—is fundamentally an American problem. Officials stressed that extensive cooperation in anti-narcotics efforts has already been in place between the two nations, implying that the tariff would not spur a hasty escalation. Instead, Beijing expressed a willingness to engage in frank dialogue with U.S. counterparts in hopes of resolving the dispute through negotiations rather than further confrontation.


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