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US Fed Chair warns of 'tension' between employment, inflation goals
US Fed Chair warns of 'tension' between employment, inflation goals

Tariffs are likely to push up prices and could put the US Federal Reserve in the unenviable position of having to choose between tackling inflation and unemployment, the bank's chair said Wednesday. Most economists have warned that tariffs will push up prices -- at least temporarily -- while acting as a drag on growth.

Trump touts trade talks, China calls out tariff 'blackmail'
Trump touts trade talks, China calls out tariff 'blackmail'

US President Donald Trump touted tariff negotiations with Japan on Wednesday while China angrily accused Washington of "blackmail" in a trade war that the WTO warns will have "severe" economic consequences for the global economy. The multiple negotiations the Trump administration says are underway are running parallel to a full trade war against top US economic rival China.