
US stocks and dollar sink as Trump renews attacks on Fed chair Powell
Currency sell-off intensifies after president steps up criticism of central bank head for not cutting rates
US president’s chief trade adviser is intellectual driving force behind global tariffs and trade war with China
Elon Musk called him “dumber than a sack of bricks” but, in the raw contest for political power, Peter Navarro has outsmarted the billionaire.
The tumult in global trade shows that for now it is the 75-year-old economist, not Musk, who has Donald Trump’s ear in the Oval Office.