MBABANE:United Stated(US) President Donald Trump has appeared to soften his recent comments on China and the head of the US Federal Reserve after recent clashes as he pursues his economic agenda, the British Broadcasting Corporation(BBC) reported on Thursday.
Trump said he has "no intention of firing" Jerome Powell after repeatedly criticizing the head of the Central Bank, but added that he would like Powell to be “a little more active" on cutting interest rates.
“Speaking in the Oval Office on Tuesday, Trump also said he was optimistic about improving trade relations with China.He said the level of tariffs - or import taxes - that he had imposed on Chinese imports would "come down substantially, but it won't be zero".The President's tariffs are an effort to encourage factories and jobs to return to the US,” the BBC reported.
United States(US) President Donald Trump says he will reduce tariffs on China imported goods in an effort to diffuse escalating trade war-(AP: Alex Brandon)