{"id":57773,"date":"2026-01-13T04:38:42","date_gmt":"2026-01-13T08:38:42","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/global-central-banks-rally-behind-powell-amid-political-pressure-china-extends-solar-tariffs\/57773\/"},"modified":"2026-01-13T04:38:42","modified_gmt":"2026-01-13T08:38:42","slug":"global-central-banks-rally-behind-powell-amid-political-pressure-china-extends-solar-tariffs","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-central-banks-rally-behind-powell-amid-political-pressure-china-extends-solar-tariffs\/57773\/","title":{"rendered":"Global Central Banks Rally Behind Powell Amid Political Pressure; China Extends Solar Tariffs"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Global central banks<\/strong> are reportedly preparing a statement of solidarity with <strong>Federal Reserve Chair Jerome Powell<\/strong> following a criminal investigation by the <strong>Trump administration<\/strong>, which Powell has characterized as a pretext to influence interest rate policy.<\/li>\n<li><strong>China&#39;s Commerce Ministry<\/strong> has announced a final ruling to extend <strong>anti-dumping tariffs<\/strong> on <strong>solar polysilicon<\/strong> imports from the <strong>U.S.<\/strong> and <strong>South Korea<\/strong> for another five years, effective <strong>January 14<\/strong>.<\/li>\n<li><strong>Boeing (<a href=\"\/stock\/BA\">BA<\/a>)<\/strong> secured a significant order for <strong>50 737 MAX jets<\/strong> from <strong>Aviation Capital Group<\/strong>, including <strong>25 737-8<\/strong> and <strong>25 737-10<\/strong> models, boosting its order book.<\/li>\n<li>Geopolitical tensions remain elevated as <strong>Iran\u2019s Foreign Minister Abbas Araghchi<\/strong> stated Tehran is ready for any action by the <strong>United States<\/strong>, including military steps, while <strong>G7 and other allies<\/strong> discuss ways to reduce dependence on <strong>Chinese rare earths<\/strong>.<\/li>\n<\/ul>\n<p>Global financial markets are reacting to a mix of significant central bank developments, escalating geopolitical tensions, and key corporate announcements. Central banks worldwide are reportedly rallying behind <strong>Federal Reserve Chair Jerome Powell<\/strong> as he faces a criminal investigation from the <strong>Trump administration<\/strong>. Powell has publicly stated that this probe is a &quot;pretext&quot; aimed at pressuring the central bank on interest rates, an assertion that has drawn strong condemnation from former Fed chairs and international peers. Notably, <strong>Bank of France Governor Francois Villeroy de Galhau<\/strong> expressed &quot;full solidarity and admiration&quot; for Powell, underscoring concerns about central bank independence.<\/p>\n<p>In trade news, <strong>China&#39;s Commerce Ministry<\/strong> delivered a final ruling to continue <strong>anti-dumping tariffs<\/strong> on <strong>solar polysilicon<\/strong> imports from the <strong>United States<\/strong> and <strong>South Korea<\/strong> for an additional five years, commencing <strong>January 14<\/strong>. The tariffs, which range from <strong>53.3% to 57%<\/strong> for U.S. companies and <strong>4.4% to 113.8%<\/strong> for South Korean firms, stem from an investigation period covering <strong>January 1, 2024, to December 31, 2024<\/strong>. This move highlights ongoing trade friction and China&#39;s efforts to protect its domestic solar industry.<\/p>\n<p>Geopolitical risks are also in focus, with <strong>Iran&#39;s Foreign Minister Abbas Araghchi<\/strong> declaring Tehran&#39;s readiness for any action by the <strong>United States<\/strong>, including potential military steps. This statement comes amid heightened tensions and reports of President Trump considering &quot;strong options&quot; in response to unrest in Iran. Despite the strong rhetoric, communication channels between Iranian and U.S. envoys reportedly remain open.<\/p>\n<p>Separately, the <strong>G7<\/strong> and other allied nations convened to discuss strategies for reducing their dependence on <strong>Chinese rare earths<\/strong>. Discussions included proposals for setting a price floor and establishing new partnerships to diversify supply chains and build alternative sources. <strong>Germany&#39;s Merz<\/strong> also made a notable comment on Iran, suggesting its leadership is in its &quot;final days and weeks.&quot;<\/p>\n<p>In corporate news, <strong>Boeing (<a href=\"\/stock\/BA\">BA<\/a>)<\/strong> announced a significant win with <strong>Aviation Capital Group (ACG)<\/strong> finalizing an order for <strong>50 737 MAX jets<\/strong>. The order is split evenly between <strong>25 737-8<\/strong> and <strong>25 737-10<\/strong> airplanes, effectively doubling ACG&#39;s 737-10 backlog and increasing its total 737 MAX commitments to <strong>121 jets<\/strong>. Deliveries for this order are anticipated between <strong>2032 and 2033<\/strong>.<\/p>\n<p>European markets saw varied performance among key movers. Winners included <strong>Symrise ([SY1 GY](\/stock\/SY1 GY))<\/strong>, which surged <strong>+6.1%<\/strong>, <strong>Whitbread ([WTB LN](\/stock\/WTB LN))<\/strong> gaining <strong>+5.1%<\/strong>, <strong>Persimmon ([PSN LN](\/stock\/PSN LN))<\/strong> up <strong>+2.6%<\/strong>, and <strong>Diageo ([DGE LN](\/stock\/DGE LN))<\/strong> rising <strong>+2.1%<\/strong>. Conversely, <strong>Renault ([RNO FP](\/stock\/RNO FP))<\/strong> experienced a decline of <strong>-1.3%<\/strong>, and <strong>Sudzucker ([SZU GY](\/stock\/SZU GY))<\/strong> fell by <strong>-1.2%<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Global central banks are reportedly preparing a statement of solidarity with Federal Reserve Chair Jerome Powell following a 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