US President Donald Trump says

US President Donald Trump has discovered to mitigate his recent comments on China and the head of the US Federal Reserve after recent contractions while continuing his economic agenda.

He said he “did not intend to shoot” Jerome Powell after repeated criticism of the head of the Central Bank, but added that he would like Powell to be “a little more active” in reducing interest rates.

Speaking in the Oval Cabinet on Tuesday, Trump also said he was optimistic about improving trade relations with China.

He said the rate of tariffs – or taxes on imports – that it imposed Chinese imports “significantly declining, but it will not be zero”.

President’s tariffs are an effort to encourage factories and jobs to return to the US. This is a pillar of its economic agenda – as a decrease in interest rates aimed at reducing the cost of borrowing for Americans.

Trump accustomed to the rate of Chinese goods up to 145% – causing mutual measures from Beijing and economists’ warnings on the global exposure to the trade war.

In his comments on journalists on Tuesday, Trump said he would be “very good” in the negotiations with Beijing – hoping to provide a trade deal.

Earlier, the US Finance Minister Scott Bavert said he was expecting a de -escalation of the trade war, which he said was impossible. Responding to China’s comments, he said the current situation was “not joking”.

The trade war has led to turbulence in financial markets around the world – and Trump’s comments to Powell also contributed.

This year, the Fed did not reduce the rates after lowering them at the interest point at the end of last year, Trump’s position strongly criticized.

Last week, the President strengthened the attacks on the Fed Chief, calling him a “main loser.” The comments have caused a sale of shares, bonds and US dollar – although markets have since been recovering from these losses.

On Friday, the director of the National Economic Council Kevin Hasset said that Trump was considering whether he could remove Powell, which he first nominated to head the Central Bank in 2017. Powell was then updated in 2021 by Joe Biden.

It is unclear whether Trump has the powers to dismiss the Fed’s chair. No other US president tried to do so.

Most major Asian stock markets were higher on Wednesday as investors welcomed the latest comments.

The Nikkei 225 Japanese index increased by 1.9%, Hang Seng in Hong Kong rose by about 2.2%, while in Shanghai composition of mainland China decreased less than 0.1%.

This happened after US shares were profitable on Tuesday, and the S&P 500 session ended by 2.5%and Nasdaq increased by 2.7%.

US futures also traded above the night. Futures markets indicate how financial markets will work when they open for trade.

Investors were afraid that the pressure on Powell to reduce interest rates could lead to raising prices at a time when trade tariffs are already observing inflation.

Trading tensions between the world’s largest economy, as well as tariffs in other countries of the world have caused uncertainty in the world economy. These problems have caused shock in financial markets in recent weeks.

On Tuesday, Forecast for American Economic Growth This Year The International Monetary Fund (IMF) was given the largest decline among progressed economies (IMF) of the uncertainty caused by tariffs.

A sharp increase in tariffs and uncertainty will lead to a “significant slowdown” in global growth, the fund predicts.

Trump has imposed taxes up to 145% on imports from China. Now other countries are facing a 10% blanket tariff.

Last week, its administration stated that when new tariffs are added to existing, some Chinese goods could reach 245%.

China has returned with 125% of the US products and promised to “fight the end”.

The Chinese government has not yet officially responded to the latest statements by Trump administration.

However, the article in the State Times on Wednesday quoted commentators who stated that the comments have shown that the United States was beginning to realize that tariffs are more harm than the benefits of America’s economy.