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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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EU and US Trade Relations: A Temporary Pause Amid Tariff Tensions

The European Union has announced a 90-day suspension of its retaliatory tariffs on U.S. goods, aligning with President Donald Trump's decision to temporarily halt new tariffs on global trading partners. This move aims to foster negotiations and stabilize the strained trade relationship between the two economic powerhouses.

European Commission President Ursula von der Leyen emphasized the importance of clear and predictable trade conditions, stating that the EU remains committed to constructive dialogue. However, she warned that if negotiations fail to yield satisfactory results, the EU's countermeasures will be implemented.

The EU's decision comes after member states approved tariffs on $23 billion worth of U.S. goods in response to Trump's earlier steel and aluminum tariffs. While the pause offers a window for diplomacy, the underlying tensions highlight the complexities of global trade dynamics and the need for sustainable solutions.

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