President Trump appears to be softening his rhetoric on both Federal Reserve Chair Jerome Powell and China tariffs, likely after internal advisement. He acknowledged the current 145% tariffs on Chinese imports are too high and promised a significant reduction—though not to zero. Wall Street reacted positively, with markets rebounding. Meanwhile, Tesla shares jumped after Elon Musk hinted his time at DOGE may end soon, raising hopes he’ll refocus on Tesla.
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