What the US central bank has said about Trump tariffs

President Donald Trump talks to reporters on board Air Force One on the way to Palm Beach International Airport
President Donald Trump talks to reporters on board Air Force One on the way to Palm Beach International Airport (AP)
  • President Donald Trump defends his tariff policy despite China increasing tariffs on American goods to 125%.
  • The Federal Reserve is prepared to intervene and stabilise financial markets if the trade war escalates.
  • Trump's approval ratings have declined due to the trade war's impact on consumer sentiment and market volatility.
  • Democrats are calling for an investigation into potential insider trading and market manipulation by Trump.
  • China has stated it will ignore any further tariff increases by the US, calling them economically nonsensical.
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