Investors are winding down another volatile week with U.S. stocks are pace to wrap a losing week. Federal Reserve Chairman Jerome Powell fired a warning over tariffs, on Thursday President Trump clapped back calling for Powell to cut rates.

Prime Minister Giorgia Meloni of Italy will meet with Mr. Trump at the White House today, becoming the latest in a line of European leaders seeking to curry favor with his administration. Ms. Meloni’s relationship with the president has stoked speculation that she could adopt an Italy-first approach,

Apple CEO Tim Cook spoke to Trump's senior officials to deal with the repercussions of the escalating tariffs.

President Donald Trump welcomed Italian Premier Giorgia Meloni to the White House Thursday, as she became the first European leader to have face-to-face talks with him since he announced and then partially suspended 20% tariffs on European exports.

China has shrugged off the latest U.S. tariff hike, dismissing the Trump administration's threats as a "meaningless tariff numbers game." Newsweek reached out to the White House by email with a request for comment.

China will pay no attention if the United States continues to play the "tariff numbers game", China's foreign ministry said on Thursday, after the White House outline how China faces tariffs of up to 245% due to its retaliatory actions.

The White House said China is now facing up to a 245 percent tariff on imports to the U.S. "as a result of its retaliatory actions," another escalation in a trade war between the world's two largest economies.

President Donald Trump called on China to reach out to him in order to kick off negotiations aimed at resolving the escalating trade fight between the world’s two largest economies.

China has warned of Trump tariff shocks to its already sluggish economy even as it grew by 5.4% in the first quarter year-on-year . The numbers beat expectations but this data cov