Investors are winding down another volatile session, with U.S. stocks on 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.

U.S. President Donald Trump said Thursday that Federal Reserve Chair Jerome Powell’ s termination “cannot come fast enough” as he reiterated his frustration that the Fed hasn’t aggressively cut interest rates.

President Donald Trump on Wednesday inserted himself directly into trade talks with Japanese officials, a sign of the high stakes for the United States after its tariffs rattled the economy and caused the administration to assure the public that it would quickly reach deals.

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.

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.

The U.S. and China are engaged in an intensifying trade war, with Trump now aiming to blunt one of Beijing's crucial weapons.

The U.S.'s latest tariff hike on Chinese imports is a response to these actions. "China now faces up to a 245% tariff on imports to the United States as a result of its retaliator

Smartphones, shoes, toys, and cookware are just a few of the Chinese-made goods that could soon cost more as the Trump administration ramps up its trade war with China. A new Washington Post analysis highlights the impact of rising tariffs on consumer products widely used across the United States.