Trump says Federal Reserve policies are "very destructive" to USA economy

MT PLEASANT WI- JUNE 28 President Donald Trump speaks to guest during a groundbreaking ceremony for the $10 billion Foxconn factory complex

Trump has imposed 25 per cent tariffs on $250 billion worth of Chinese exports and is preparing to expand them to cover another $300 billion. "They certainly didn't listen to me because they made a big mistake", he said. "We're expected to meet".

Washington and Beijing are negotiating a trade deal after the White House accused China of intellectual property theft and employing unfair trade practices.

China's foreign ministry said on Monday that China is open for more trade talks with Washington but has nothing to announce about a possible meeting.

Geng said that if the USA was ready to hold "equal consultations" the door was wide open.

"If the United States only wants to escalate trade frictions, we will resolutely respond and fight to the end", Geng added. He said this will lead to a "40 state re-election landslide" victory for Trump in 2020.

President Donald Trump appeared this morning on CNBC's Squawk Box, talking about tariffs and trade. The two countries reached an agreement calling for tighter migration controls.

Mexico also agreed to take back more Central American asylum seekers who cross their territory en route to the U.S. That is an expansion of the Migration Protection Protocols, a program that the U.S. announced previous year that has been tried on a small basis but will now be in effect borderwide.

Mexico's foreign minister says his government is willing to work with the Trump administration to stop the flow of migrants coming to the US, but that issuing tariff threats isn't the way to solve this crisis; Garrett Tenney reports from Washington.

More news: Oil extends gain on supply cut, weak economy strains outlook

Mr. Trump has repeatedly called out the Fed and Powell for what the president sees as the central bank's failure to support economic growth, saying in 2018 that the Fed is a "much bigger problem" for the USA than China. You know, we're leading in everything.

He was earlier blasted by the U.S. Chamber of Commerce (USCC) for weaponizing tariffs and hurting the United States. "And China will, in my opinion, based on a lot of facts and a lot knowledge, China's going to make a deal because they're going to have to make a deal".

On Monday Trump told CNBC in a phone call he would add the tariffs if the two leaders can not come together despite there being no sign that the Chinese president is planning to dodge him at the event.

Mr. Trump bristled at those naysayers and said he would prove them wrong.

"If we do, that's fine and if we don't, that's fine", the president said. So now we have restrictions on that too, which we put in under my administration, very recently because they were buying all of our companies.

However, as the United States economy shows signs of slowing, more and more economists - and one voting member of the Fed's policy committee - now say the next move will be to cut rates to support growth, possibly this year. "We will continue to address these risks and stand ready to take further action".

Washington last month put Huawei on a blacklist that effectively bars USA firms from selling to the company without government approval. -China standoff on tariffs could cut a half-percentage point from the global economy in 2020.

"China. will never allow certain countries to use China's technology to contain China's development and suppress Chinese enterprise", the main state-run newspaper declared.

Related News:

  • Yuvraj Singh ready for fun after announcing global  retirement

    Yuvraj Singh ready for fun after announcing global retirement

    He played the 2011 World Cup with his body afflicted with cancer. "I am extremely lucky to play 400-plus games for India. He said this shattered him and he needed some time to recover from the jolt and rediscover why he played cricket .
    Gennady Golovkin ready for third fight with Canelo Alvarez

    Gennady Golovkin ready for third fight with Canelo Alvarez

    After edging a tight first round, Golovkin sized up his opponent before ending the contest with a minute of the fourth remaining. Golovkin (39-1-1, 35 KOs) made a number of key changes heading into the scheduled 12-round fight.
    Mexican president praises foreign minister after USA  agrees to drop tariffs

    Mexican president praises foreign minister after USA agrees to drop tariffs

    The president said that he doesn't expect the latter to be " a problem " but would reinstate tariffs if necessary. Such a step would require the Mexican government to consult the Senate on how to proceed, Ebrard said.
  • Final Fantasy 7 Remake combat: everything you need to know

    Final Fantasy 7 Remake combat: everything you need to know

    In 1997's Final Fantasy 7, the ATB gauge fills over time, and when it hits its limit you're able to take your turn in battle. He announced the game will feature a hybrid gameplay system with real time action as well as strategic command based combat.
    Final Fantasy 7 Remake Re

    Final Fantasy 7 Remake Re

    The numbers might have confirmed that " Final Fantasy 7 Remake " is not dropping anytime within this period. Here's the Teaser Trailer for #FinalFantasy VII Remake that was introduced just now at #StateofPlay.

    Gods & Monsters Isn't Just a Breath of the Wild Clone - E3 2019

    The new title features a super-cute art style, exploring classic mythology, and is set to release on February 25, 2020. As you venture on this epic journey you'll be accompanied by the narrator of the story, legendary author Homer.
  • Over 100 massacred in Mali, village wiped out

    Over 100 massacred in Mali, village wiped out

    The Fulani are primarily cattle breeders and traders, while the Bambara and Dogon are traditionally sedentary farmers. Dolo said 95 bodies, including women and children, were recovered among the city's 300 residents.
    Kawhi Leonard Files Lawsuit Against Nike over Logo Copyrights

    Kawhi Leonard Files Lawsuit Against Nike over Logo Copyrights

    A Nike representative declined to address on the lawsuit, noting that the company does not comment on pending litigation. Several years later when he received an endorsement deal from Nike , he granted special permissions of the logo.
    Microsoft Unveils Next Xbox, Features 8K Support and 120FPS

    Microsoft Unveils Next Xbox, Features 8K Support and 120FPS

    According to Microsoft insider Brad Sams , Scarlett is the name of Microsoft's overall next-generation console strategy. We do know that it's supposed to be up to four times more powerful than Xbox One X , whatever that means.
  • Esha Deol & Bharat Takhtani Blessed With A Baby Girl; Named Her Miraya

    Esha Deol & Bharat Takhtani Blessed With A Baby Girl; Named Her Miraya

    Esha Deol and husband Bharat Takhtani became parents again! The lovely couple's firstborn is also a girl named Radhya Takhtani. Ranveer, who got to know of Jatin's demise through his social media feed, took to his Instagram story to pour his condolences.
    Shikhar Dhawan fractures left thumb, World Cup participation in doubt

    Shikhar Dhawan fractures left thumb, World Cup participation in doubt

    In the second innings of the game, Dhawan could not take the field and was substituted by Ravindra Jadeja throughout the 50 overs. Dhawan is a crucial component in this line-up, especially considering his love affair with the ICC events.
    No funeral procession, tributes: Karnad's cremation as per last wishes

    No funeral procession, tributes: Karnad's cremation as per last wishes

    In a career spanning six decades, Karnad acted in Kannada, Hindi and Marathi films , in both mainstream and parallel cinema. Girish Karnad (81), the prominent and critically-acclaimed playwright, who also had a stint with acting, is no more.

Most liked

Trump Slams 'Loser' John Dean After Nixon Comparison
Trump's former White House counsel Donald McGahn, in fact, has refused to testify because the White House told him not to. The president commented on the hearing as he recognized the victor of the Indy 500 race at the White House.

Trump Announces Mystery Mexico Deal
Critics have said there have been no new major commitments to slow the migration of Central Americans to the United States. The Trump administration announced on Monday that Kenneth Cuccinelli will serve as the new acting director of U.S.

Nokia 2.2 available for sale from today; read on!
The devices aren't guaranteed to receive two years of major Android OS updates and three years of security patch updates. The Nokia 2 .2 has a fast processor and is now the first phone to come under the Nokia 2 series Android One program.

Kim Jong-un's half-brother Kim Jong-nam was Central Intelligence Agency informant
North Korea , under Kim Jong Un, is accused of using public executions as a means to keeping its population in a state of fear. But US intelligence agencies concluded that Kim Jong-nam was ill-suited to fill such a role, several former US officials said.

Bleeding Edge Revealed at Microsoft E3 2019
Everyone was waiting to see what this excellent development studio would bring to the Xbox One, and possibly PC. If the "Confidential" watermark across the trailer is any indication, this is one rumor that may hold water.

Square Enix & Sony Masterworks Announce FFVII Limited Edition Vinyl
Final Fantasy VIII Remastered will be coming later this year on PlayStation 4 , Xbox One, Nintendo Switch , and PC on Steam . In addition to local play, Final Fantasy Crystal Chronicles Remastered Edition also allows for online multiplayer.

Stadia gets Ubisoft's just-announced Uplay+ subscription
This feeds into your progression overall, encouraging you to participate in games and earn more rewards. Beloved PC Franchises: Heroes of Might and Magic , Silent Hunter , The Settlers , Anno and more.

Man Utd to sign James from Swansea for £15m
It is claimed United will pay a total of £18 million; £15 million up front and a further £3 million in instalments. Interest from Old Trafford emerged after the 21-year-old turned in a series of sparkling displays in the FA Cup.

New "Frozen II" Poster Released Ahead of New Trailer
Before that, though, Elsa is definitely testing her powers and her abilities in the new trailer, which you can check out below. According to, Disney released a new poster and synopsis for the upcoming animated film.

Ex-NFL player Kellen Winslow II found guilty of rape, other charges
Prosecutor Dan Owens told the jury of eight men and four women that Winslow is a "wolf in sheep's clothing". The rape charge stemmed from a May 13, 2018, assault on a 58-year-old homeless woman in Encinitas, Calif.

New Huawei smartphones will not come with Facebook, Instagram or WhatsApp
The email which was shared to XDA Developers entails that Huawei's app store has a total of 270 million monthly active users. The moment of truth is approaching fast whether it is worth buying a Huawei or Honor smartphone or tablet after August 19.

Amitabh Bachchan's Twitter account gets hacked; Twitterati have hilarious reactions
According to the initial media reports, it is said that the Turkish hackers are behind the hacking of Amitabh's Twitter handle. Ayyildiz Tim's anti-India post on Amitabh Bachchan's Twitter account.Amitabh Bachchan is the latest victim of Ayyildiz Tim.

USA customs says traveller images exposed in cyber attack
The agency declined to say how many people might have had their images stolen from the subcontractor that held them. It's a known fact that CBP makes use of cameras and video recordings at airports and land border crossings.

Trump's secret deal with Mexico news to them
The tweets came amid questions about just how much of the deal - announced with great fanfare Friday - was really new. The White House declined to comment, according to Bloomberg .

Eden Hazard: Real Madrid sign Chelsea forward on a five-year deal
Brazilian forward Rodrygo is also due to join the club next season after agreeing to a reported €45m move from Santos past year . The 28-year-old posted an emotional goodbye to Chelsea last night after spending 7 years with The Blues.