Intro

Sam Fenwick takes a look as US President Donald Trump brings back tariffs, this time targeting countries that continue trading with Iran, with China among those in focus. New US inflation figures show price rises are easing, but many American shoppers still say their weekly bills feel high. And pressure on the Federal Reserve has spilled into an open row with its chair, Jay Powell, drawing in central bankers from around the world.

(PHOTO: People wave flags during a demonstration in support of the national protests in Iran, in Barcelona, Spain January 13, 2026. Credit: REUTERS/ Albert Gea).