Trump's comments further pointed to a diminished appetite for sharply higher across-the-board tariffs on dozens of countries after markets reacted violently to their introduction on April 2.

Trump added he would delay a deal on TikTok until the trade issue with China is worked out. He told reporters U.S. tariffs on Chinese goods might not go higher and may even go lower.

"There will be a trade deal 100%," Trump said ahead of a luncheon at the White House with Italian Prime Minister Giorgia Meloni. "I fully expect it."

The Supreme Court kept on hold President Donald Trump's restrictions on birthright citizenship and will hear oral arguments next month on his plan.

The Supreme Court on Thursday agreed to hear oral arguments over President Donald Trump’s request to enforce a plan to end birthright citizenship against all but a handful of individuals, though it deferred a request from the administration that would have allowed it to implement its plan immediately.

The case is the first challenge to the new administration's policies that the justices have taken up for public discussion.

Donald Trump is showing why independent central banks are a good idea. The president’s double tirade against Federal Reserve Chairman Jerome Powell on Thursday conjured another dark cloud over financial markets and an economy repeatedly traumatized by his tariff and trade-war chaos.

President Donald Trump on Thursday ratcheted up his criticism against Federal Reserve Chair Jerome Powell, calling for his “termination” for not cutting interest rates quickly enough. His comments come one day after the central bank chief delivered a stark warning about the effect of Trump’s sweeping tariffs on the economy.

(Reuters) -U.S President Donald Trump said on Thursday that Federal Reserve Chair Jerome Powell's termination "cannot come fast enough", while calling for the U.S. central bank to cut interest rates.