Trump rips Fed for raising interest rates

Federal Reserve head Jerome Powell

More than 70 per cent of Republican and Republican-leaning USA adults believe increased tariffs between the United States and its trading partners will be good for the country, according to a Pew Research Centre survey. "But at the same time I'm letting them do what they feel is best", Trump told CNBC. US stock prices briefly pared losses after Trump's comments on interest rates.

Political messaging in the video is less than subtle, with the "bean" character telling viewers that China imports one third of its soybeans from the U.S., which amounts to 62 percent of the crop exported by American farmers.

Overnight, the USA president launched a "rare attack on America's central bankers", The Guardian says, revealing that he "wasn't happy with their plans to raise U.S. interest rates". Yet he said he has not pushed the tariffs out of any ill will toward China. "I'm not doing this for politics, I'm doing this to do the right thing for our country". I don't really - I am not happy about it. "I couldn't care less what they say, because my views haven't changed", he said. They said, 'Now you're more than complaining. "I have to tell you, it puts us at a disadvantage". Earlier this month, the USA imposed tariffs on $US34 billion ($45.8 billion) of Chinese imports. "But it could be that all we end up with is a lot of tariffs globally and a lot of other types of protectionism globally".

For the Trump administration, a key concern is that China is hoping for Washington to relax its stance after the midterm elections in November, when the Democrats may be able to wrestle control of Congress or the Senate from the Republican Party. "If that happens, farmers in the U.S. could take an even greater hit". The company for the first time reported annual sales above $US100 billion. Mr Trump responded that he was.

A statement by the CBN spokesperson, Isaac Okorafor, sent to PREMIUM TIMES said the sale shall be through a combination of spot and short-tenored requests.

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China has pledged to retaliate against USA tariffs in "equal scale and equal strength".

He again said he was willing to ramp up his attacks on China, potentially imposing punitive tariffs on all of the US$505.6 billion in goods imported from that nation. "If it stops buying new bonds, or sells off its holdings, it would trigger a hike in yields putting pressure on America's debt load".

In a Legislative Council panel meeting on Friday, Financial Secretary Paul Chan Mo-po estimated that 49 per cent of Chinese exports shipped via Hong Kong to the U.S. were subject to the two rounds of tariffs that Washington had imposed on Chinese products.

"More expensive soy can mean that China will look to other sources for the bulk of its imports", the cartoon continues, adding, "As two of the top soybean suppliers to China, Brazil and Argentina could pick up the slack".

Most economists believe the current economic climate, with the nation's unemployment at historic lows and inflation at the Fed's 2 percent target, justify recent rate rises and a strong US dollar. Shares in trade-sensitive stocks were hardest hit, with auto makers Daimler, Volkswagen and Fiat Chrysler all down more than 1pc.

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