For decades, Trump has been convinced that trade tariffs are the answer to many of America's economic problems. He has appeared to welcome the prospect of global trade war sparked by his tariff agenda, insisting that it is by raising the price of imported goods and reviving the US manufacturing sector that he will "Make America Great Again".

The fear is that Trump will bristle at both adverse court rulings and perceptions on Wall Street that he's ready to bail on his protectionist agenda.

U.S. President Donald Trump on Thursday criticized a trade court decision that said he had exceeded his authority in imposing his most sweeping tariffs, calling it wrong and that he hoped the Supreme Court would overturn the decision.

Federal Reserve Chair Jerome Powell met with President Donald Trump at the White House on Thursday, the central bank said, weeks after Powell told reporters he had not been invited back since Trump’s return to office.

Federal Reserve Chair Jerome Powell met with President Donald Trump at the president's invitation on Thursday "to discuss economic developments, including for growth, employment, and inflation," the central bank said in a statement.