Your Christmas decorations probably come from this one Chinese city. But anxiety is high, with vendors on the front lines of the US-China trade war.

President Trump said he is in contact with the “highest levels” of the Chinese government about a potential deal to reduce tariffs, appearing to confirm that he is talking to Chinese President Xi Jinping himself.

The head of the Federal Reserve says don't expect any interest rate cuts anytime soon. The central bank says the numbers show President Trump's tariffs will lead to higher inflation, higher unemployment and slower economic growth.

Trump's broadside comes a day after Powell said in a speech that Trump’s broad-based tariffs have left the Federal Reserve seeking “greater clarity” on the impact of policy changes.

Whether he has the authority to fire the chairman of the Federal Reserve or not, Donald Trump said Thursday that Jerome Powell will be out of a job as long as the president desires it. Trump’s tariffs have prevented Powell from cutting interest rates due to a lack of clarity,