US-China Trade Tensions Escalate Further Amid Trump-Powell Feud and Tariff Impositions

Published on 4.23.25

  The ongoing tensions in international relations are being fueled by a clash between President Donald Trump's administration and the US Federal Reserve, led by Chairman Jerome Powell. This dispute has significant implications for global markets, with Wall Street experiencing a 2.5% drop on Monday following Trump's criticism of Powell. The situation is further complicated by the imposition of tariffs by the US on various countries, including China, which has sparked concerns about increased protectionism globally. The White House is exploring whether it has the authority to fire Powell, amid a heated exchange between Trump and the Fed over interest rates. Powell has stated that his administration will continue to analyze data before considering policy adjustments, but the uncertainty surrounding this situation has already had significant effects on global markets.

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