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Trump threatens 200% tariffs on China, what Trump’s firing Lisa Cook means for the Fed

DeFi Daily News by DeFi Daily News
August 26, 2025
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Trump threatens 200% tariffs on China, what Trump’s firing Lisa Cook means for the Fed
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Morning Brief anchor Allie Canal breaks down the day’s market news for August 26, 2025.
President Trump has threatened 200% tariffs on China if China curbs exports of rare-earth magnets to the United States. We break down the latest tariff news on China and South Korea.
Lisa Cook’s position at the Federal Reserve is in question after President Trump announced he has fired her. Cook says she will not resign. We look at what is at stake for the Fed and the president’s authority to fire a Federal Reserve governor.
For more videos of Morning Brief, please visit:
https://finance.yahoo.com/videos/series/morning-brief/

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

– Get the latest news and data at finance.yahoo.com

– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

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Tags: BondsbusinessChinaCookCurrenciesEquitiesfedfiringFXInvestingInvestmentlisaMarketMarketsMeansMoneyNewsNYSEPersonal FinancePoliticsSavingsStock marketstockstariffsThreatensTrumpTrumpsYahoo FinanceYahoo FInance Premium
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