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2025-05-07 14:45:03| Spiritual Career Counseling
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Employment
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Trump trade deals appear distant as tariff tensions simmer
2025-05-07 10:45:04| Spiritual Career Counseling
US President Donald Trump maintained that Washington was in talks with Beijing, even as China said such claims were 'groundless' - Copyright AFP SAUL LOEBBeiyi SEOWUS President Donald Trumps promises of securing trade deals with major partners took another blow Thursday, with a French minister saying an agreement with the EU was a long way off and China insisting talks had not even started.Since returning to the presidency in January, Trump has imposed 10 percent tariffs on most trading partners, including the European Union, as a means of pressuring them to negotiate trade agreements more favorable to the United States.He has also slapped tariffs on sector-specific imports, adding to strained ties with partners.But he saved his toughest blows for China, slapping an additional 145 percent tariff on goods from the worlds second biggest economy this year drawing strong retaliation.Even though top US officials have touted 18 proposals brought to the trade team and said Washington wa...
Category:
Employment
Can Trump fire Federal Reserve chair Jerome Powell?
2025-05-07 10:45:04| Spiritual Career Counseling
The US Federal Reserve chair, Jerome Powell, is facing attacks from Donald Trump, who is now threatening to fire the head of the central bank.Such a move would be unprecedented. The president has historically respected the independence of the central bank, and kept out of its way even if there was disagreement over Fed policy.But, of course, it looks like Trump is following his own playbook.Powells termination cannot come fast enough! Trump said on social media last week.Trump says Fed chair would resign if asked and condemns him over interest ratesRead moreThe Fed chair first took office in 2018 after an appointment from Trump, and was later reappointed by Joe Biden in 2022. Though his term is expected to end in May 2026, multiple reports suggest that Trump is considering firing the chair before his term is up.Heres what we know is going on between Trump and the Federal Reserve.What does the Federal Reserve do?As the central bank, the Fed manages the money supply in the US, prim...
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Employment