President Donald Trump has said it is "highly unlikely" he will fire the head of the US central bank, hours after asking lawmakers whether he should sack Jerome Powell. Stock markets and the dollar slipped following reports Trump had broached the idea with Republicans on Tuesday but quickly bounced back after he downplayed the discussions.

Europe is still reeling after the US president announced 30% levies on all exports. In this Viewsroom debate, Breakingviews columnists discuss how the EU can react, and why, given a so far measured response,

The pause on many tariffs was supposed to end this week, but it didn't. Despite that, reports still indicate that tariffs have caused a notable recent spike in inflation.