Khan
@manzoorkhan
537 Following
32 Followers
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🔴Former President Donald Trump launched a renewed and scathing attack on Federal Reserve Chair Jerome Powell, once again calling him “very late” and “stupid,” and blaming him for “choking the housing market” and “making it hard for people, especially the young, to buy homes.”
This time, Trump extended the blame beyond Powell to the entire Federal Reserve, saying the central bank “has done nothing to stop this ‘idiot’ from hurting so many people,” adding that “the Fed is equally to blame in many ways.”
According to Trump, the U.S. economy is “booming,” inflation is “very low,” and interest rates should be at 1%, which he claims would save the country $1 trillion annually in interest costs. “I can’t describe how stupid (‘very late’) is — very bad for our country!” he added. 0 reply
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HOW THE EU IS PREPARING TO REACH A TARIFF DEAL IN TRUMP’S GAME OF CHICKEN.
The U.S. has doubled down on its plan to impose 30% tariffs on the European Union next month, seeking to ramp up pressure on the bloc to reach a deal.
With less than two weeks to go until U.S. President Donald Trump’s Aug. 1 deadline, the EU continues to negotiate with U.S. trade officials, while drawing up a series of possible countermeasures if a deal is not forthcoming.
For its part, the U.S. said the EU continues to be “very eager” in negotiating a trade agreement, according to White House press secretary Karoline Leavitt.
Speaking at a news conference on Thursday, Leavitt said the EU is exploring “ways to lower their tariff and their non-tariff barriers that we have long said harm our workers and our companies.”
The U.S. president, whose trade war tactics have earned him the TACO nickname, will not accept a postponement of the Aug. 1 deadline, Leavitt said.
TACO stands for “Trump always chickens out” in reference to the president’s tendency to date to announce high import tariffs, only to later delay or lower them. 0 reply
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