Fed holds rates as Trump’s tariffs hit 60 countries, White House aide says

Special Assistant to US President Kush Desai explains why Donald Trump extends tariffs to more than 60 trading partners, including China, the EU, the UK, Canada, Japan and Australia. He says the levies, mostly between 10% and 12.5%, aim to block goods made with forced labour and defend US workers. The discussion comes as the Federal Reserve is expected to keep interest rates unchanged amid war and inflation risks.

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