In a recent development, President Trump made a cryptic statement amidst growing global concerns over his tariffs, declaring that ‘only the weak will fail’. This comes as China retaliated by imposing a hefty 34% tariff on US goods, causing substantial losses in the market. Federal Reserve Chair Powell expressed concerns about a possible increase in inflation as a result of these tariffs, while Trump advocated for interest rate cuts. The escalating trade war between the two economic giants has sparked fears of a global economic slowdown. Stay tuned for more updates on this developing story.