Donald Trump 'ready' to impose tariffs on all Chinese goods

US Dollar Sinks as President Trump Hits Fed on Hikes

President Donald Trump upended almost three decades of presidential precedent by commenting on the Federal Reserve's interest rate policy on Thursday, but at least one economist thinks the president's remarks could come back to bite him.

Trump told CNBC that he was "not thrilled" with the Fed over rate hikes. "We have been ripped off by China for a long time".

"They're picking the wrong customer, I'll tell you that - you know how intense he is on this issue", he said, adding: "Xi seems to think if he waits out the November elections, Trump will be weakened and therefore will lighten the bite". It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Powell told lawmakers that "for now - the best way forward is to keep gradually raising the federal funds rate". The Fed has raised interest rates five times since Trump took office in January 2017. "I want them to do well".

Because it is longstanding policy for the Fed to be independent, presidents in the past have been hesitant to comment on its decisions.

"I don't like all of this work that we're putting into the economy and then I see rates going up", he said.

'Of course the President respects the independence of the Fed.

The stock market, which usually favors cheap money and reacts negatively to rate hikes, fell, as did Treasury yields and the dollar in response to the president's comments, according to CNBC.

‘Ready to go’ with $500 billion in tariffs on China
Global markets are falling late on Friday morning after US President Donald Trump threatened to levy new tariffs on more than $500 billion of goods from China .

No Prison Time for ... Day-Care Provider Who Tried to Hang Toddler
"This case is about that little boy who very well could have taken his last breath, and died in that basement", she said. In court Monday, Karia and her attorney said that she had been struggling with mental health issues.

Mountain bike rider leaps peleton at Tour de France
Froome was the only one of the Sky duo to put in a sustained attack, one that was ultimately reeled in by Dumoulin. But Thomas claims he is unlikely to be giving four-time and defending champion Froome any help along the way.

Mr Trump also suggested that higher interest rates left the United States at a disadvantage when compared to the European Union, China and Japan, allowing their currencies to weaken as the U.S. dollar strengthens.

The president acknowledged that his comments about the Fed would likely raise concerns.

But his comments raised alarms, including with some former Fed officials who saw in his remarks a possible effort to apply public pressure on the central bank. In emerging markets such as Turkey, the government of President Recep Tayyip Erdogan has felt no such restraint.

China imports far less from the USA, buying about US$130 billion in American goods past year, so it doesn't have as much to leverage with tariffs, but it could use other measures to hit trade such as tightening regulatory oversight. Rubin argued for that policy to be maintained in a New York Times op-ed piece previous year when the White House was mulling the choice of Yellen's successor.

The last known example of USA presidential strong-arming came when George H W Bush was fighting for re-election.

George H.W. Bush's administration complained that he felt the Fed's failure to cut rates more quickly in 1992 contributed to his re-election defeat that year.

Related News:

  • Rashid Open to Considering Test Offer as Coach Says Recall Not Impossible

    Rashid Open to Considering Test Offer as Coach Says Recall Not Impossible

    Pant helped his own case with an unbeaten 67 in a successful chase of 321 against West Indies A in Taunton . Besides Shami, Bumrah and Shardul; Ishant Sharma and Umesh Yadav are the other pacers in the squad.
    At least 17 injured after tornadoes sweep through Iowa

    At least 17 injured after tornadoes sweep through Iowa

    Several people who were working at the plant at the time of the hit were hospitalized, Pella Police spokesman Lt. He said there were minor injuries but no deaths, and officials were going door-to-door to check on residents.
    Trump Rejects Putin's Proposal To Let Russia Interrogate US Citizens

    Trump Rejects Putin's Proposal To Let Russia Interrogate US Citizens

    President Donald Trump said here on Thursday that he wished to have a second meeting with his Russian counterpart Vladimir Putin . And when Mitchell broke the news to Coats on stage that Putin is planning a trip to Washington , Coats did a double-take.
  • Microsoft's Cloud Proves It's Worth the Big Price

    Microsoft's Cloud Proves It's Worth the Big Price

    Finally, in addition to its Q4 release, Microsoft provided a look at how it performed for the entirety of the 2018 fiscal year. Productivity group revenue was up 13 percent to $9.7 billion, with operating income up 20 percent at $3.5 billion.
    Man steals date's car, then uses it for another date

    Man steals date's car, then uses it for another date

    Pugh, whose mother came to pick her up, used the Global Positioning System on her godsister's phone to tail Griffin. The original date tried to catch Griffin and her godsister at the grandmother's house, but she arrived too late.
    Meghan Markle's Deadbeat Dad Faked Sick To Dodge Royal Wedding, Source Says

    Meghan Markle's Deadbeat Dad Faked Sick To Dodge Royal Wedding, Source Says

    Now, Thomas is speaking to TMZ to continue speaking about what he wants. My daughter said to me she would take care of me in my declining years.
  • Trump threatens putting tariffs on all imports from China

    The Fed last month raised its benchmark rate for a second time this year and projected two more hikes this year. In Friday, however, Trump again attacked the Fed, which is led by Jerome Powell, Trump's hand-picked choice.

    Donald Trump to invite Vladimir Putin to the White House

    Asked by reporters on Wednesday if Russian Federation was still targeting the United States, Trump shook his head and said, "No". Trump has faced criticism from both Democrats and Republicans about his handling of the Helsinki summit with Putin on Monday.
    Macron aide beats up student protester during May Day rally

    Macron aide beats up student protester during May Day rally

    It was unclear why the young man under attack, who wasn't detained, was singled out by police before Benalla intervened. Mr Benalla is seen wearing a police helmet and armband at a May Day student demonstration in the Paris left bank.
  • Denis Ten: Olympic figure skater stabbed to death

    Denis Ten: Olympic figure skater stabbed to death

    He had previously won the silver medal at the world championships in 2013, as well as the bronze at the Sochi Olympics in 2014. Ten enjoyed a huge following in South Korea as a great-great-grandson of a Korean-born independence fighter Min Keung-ho.
    US oil inventories increase in week ending July 13

    US oil inventories increase in week ending July 13

    President Trump took to Twitter in late June, when oil prices were on the rise as many feared tightening oil supplies. The U.S. government now holds about 660 million barrels in its underground tanks in Louisiana and Texas.
    Sarri wants to keep Hazard at Chelsea and improve him

    Sarri wants to keep Hazard at Chelsea and improve him

    Speaking to ESPN the Scottish pundit said, "At the end of the day, he has been there six years. He also won the Super Cup, two FA Cups and the League Cup.

Most liked

British Open: Rain expected to shower Carnoustie on Friday morning
Kevin Kisner plays a shot out of the bunker at the British Open at Carnoustie, Scotland on 19 July 2018. Woods said that the neck issue was not a big deal, that "as I got warmed up I felt all right".

Rutgers, NJDOH chosen to participate in prostate cancer study
Having supper before 9pm or two hours before bed slashes the risk by a fifth compared to those who ate late, researchers found. Over the past 20 years, studies investigating this disparity have been small in size and limited in scope.

Man United set for disappointment in bid to sign Real Madrid star
The Red Devils already missed out on Ronaldo and were considered to be the leading candidate to sign Bale this summer. There has only been one club strongly linked with Bale this summer, in the form of Manchester United .

Trump ready to put tariffs on $500 billion of Chinese imports
Major indices in Germany and France, which had been trading largely flat, dropped by 0.3 per cent and... USA export duties on Chinese products came into force on July 6 with China retaliating hours later.

The Open: Errant shot from Tiger Woods narrowly misses fans
He should finish in plenty of time, however, as it doesn't get dark until around 10 p.m. here in Scotland this time of year. American Kevin Kisner has the lead with a five-under 66 while Jordan Spieth and Justin Rose both finished one-over on 72.

Trump Promises 'Big Results' From Controversial Putin Summit
As he affirmed his support for U.S. intelligence agencies, the lights went to black in the White House conference room. Special Counsel Robert Mueller is investigating that allegation and any possible collusion by Trump's campaign.

The sea level rise will leave the world without the Internet
Internet to the rest of the world. "This is not in the next hundred years but in the next 15 years", Durairajan said . Although the cables are created to resist weather events, they are not meant to be permanently inundated by water.

Trump slams the Federal Reserve for raising interest rates
GE's earnings will be most closely watched as it marks the company's first report since being kicked out of the Dow in late June. Trump called Powell "a very good man" but worries that the work the administration has done will be nullified, CNBC reported.

Ten new moons found orbiting around Jupiter
They are also believed to be fragments of a larger moon that was broken apart and take just under a year to circle Jupiter. Confirmation of the moons required multiple observations, and those data enabled a calculation of the moons' orbits.

A look a potential WNBA All-Stars | Storm
Both players are members of the defending champion Minnesota Lynx and will be playing on their home court at the Target Center. Team Delle Donne will be coached by Seattle's Dan Hughes and Team Parker by Phoenix's Sandy Brondello.

Waitress Caught on Video Tackling Man Down After Groping Her
If you're in the latter situation, and you react physically, you have to be prepared for a fight, she says. She then reaches around his neck and throws the Florida man into a wall and chair.

India lynchings: WhatsApp sets new rules after mob killings
People forward more messages, photos, and videos in India than any other country in the world, said WhatsApp . It also placed ads in prominent Indian newspapers with instructions on how to identify misinformation.

Mom accused of letting men rape her 2-year-old daughter
An Independence mother is charged in Jackson County, accused of repeatedly allowing her two year old daughter to be molested. Watson's daughter also tested positive for meth, with her mother allegedly admitting that she had used the drug that day.

Hamilton signs multi-billion extension with Mercedes
Overall, his 65 F1 wins places him second on the all-time list behind Michael Schumacher (91 wins). Here is what Hamilton had to say about the matter, according to ESPN .

Tornadoes rip through Iowa, causing major damage and injuring at least 17
Pella's Vermeer Corporation plant, which manufactures industrial and agricultural equipment, was heavily damaged Thursday. Marshalltown , a city of 27,000 people about 50 miles northeast of Des Moines, appeared to have been hit the hardest.