trump

Trump Blasts Fed Chair Powell: “He Should Have Acted Sooner”

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Federal Reserve Chair Jerome Powell speaks at the Economic Club of Chicago in Chicago, Illinois, on April 16, 2025.

President Donald Trump didn’t hold back in his latest criticism of Federal Reserve Chair Jerome Powell, declaring on social media that Powell’s “termination cannot come fast enough!” The outburst came just a day after Powell warned that Trump’s trade policies could hurt the economy by driving up unemployment and inflation. Speaking at the Economic Club … Read more

China Makes Surprise Trade Negotiator Swap Amid Growing US Tariff Tensions

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Li Chenggang, China's Ambassador to the World Trade Organisation (WTO), gestures during an interview with Reuters aside of a ministerial meeting to discuss a draft agreement on curbing subsidies for the fisheries industry in Geneva, Switzerland, July 15, 2021.

In a surprise move, China has replaced its long-standing trade negotiator, Wang Shouwen, with Li Chenggang, a former assistant commerce minister and current envoy to the World Trade Organization (WTO). The change was announced by the Ministry of Human Resources and Social Security without offering any detailed explanation.

Trump’s Trade Chaos: A Reckless Gamble with No Master Plan

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President Donald Trump waves as he boards Air Force One on April 11, 2025, at Joint Base Andrews, Maryland.

At the heart of Trump’s trade policy lies a gut-driven hunch: if a nation sells more to the U.S. than it buys, it’s “ripping us off.” He’s convinced that trade deficits balloon the federal budget deficit and that tariffs force foreign governments to funnel cash into the U.S. Treasury. Every one of these notions crumbles under scrutiny.