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Fed Chair Jerome Powell said a new trade war would probably cause higher inflation and slower growth.
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The White House had a TikTok deal. Trump's China tariff wrecked it. The Washington PostTrump to extend TikTok ban enforcement deadline after China tariffs derail deal CNNWho could buy TikTok? Amazon, Blackstone, OnlyFans founder among the bidders USA TodayA deal for TikTok seemingly falls hostage to the US-China trade war ABC News
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Canada and other countries also readied retaliation after President Trump raised U.S. tariff barriers to their highest level in more than a century.
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China hit brakes on TikTok deal after Trump announced wide-ranging tariffs, AP Source says AP NewsThe White House had a TikTok deal. Trump's China tariff wrecked it. The Washington PostTrump to extend TikTok ban enforcement deadline to continue work on a deal to sell it CNNByteDance Confirms US Talks on TikTok After Trump Gives 75-Day Extension for Deal to Save App Bloomberg.com
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