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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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Global Retaliation: Allies and China Strike Back Against Trump Tariffs

In a dramatic escalation of trade tensions, China, Canada, and Mexico have vowed swift countermeasures in response to newly imposed tariffs by U.S. President Donald Trump. The tariffs—set at 25% on imports from Canada and Mexico and 10% on Chinese goods—were defended by Trump as necessary actions to curb the influx of illicit drugs and illegal immigration.

Canadian Prime Minister Justin Trudeau declared that his government would retaliate by imposing 25% tariffs on up to C$155 billion (approximately US$106 billion) of American products, targeting items ranging from consumer goods to industrial materials. Similarly, Mexican President Claudia Sheinbaum announced that her administration was preparing both tariff and non-tariff measures to defend national interests, while urging the United States to resolve its domestic issues through dialogue rather than punitive trade actions.

Meanwhile, China has taken a strong stand against what it calls a “violation of international trade rules.” The Chinese Ministry of Commerce confirmed that Beijing would file a lawsuit at the World Trade Organization and implement “corresponding countermeasures” to safeguard its economic interests .

These swift responses by the affected nations underscore the high stakes of the current trade dispute, with experts warning that the measures could set off a broader trade war. As both sides brace for potential economic fallout, industries spanning from automotive to agriculture are already bracing for increased costs and supply chain disruptions.

The global community now watches closely as these diplomatic and economic skirmishes unfold, with many calling for a return to negotiations to avert long-term damage to the international trading system.

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