Trump, Tariffs and Consumer Prices
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Prices of clothing and shoes are expected to be particularly impacted by the tariffs, Yale University’s Budget Lab found.
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Scripps News on MSNAnnual inflation rate increases as economists warn of impact of Trump's tariffs
Over the last decade, prices have generally increased at a rate of 3.5% per year. Over the last 20 years, consumer inflation has typically risen by 3.3% annually. The Federal Reserve, however, has aimed to keep annual inflation at approximately 2%.
While the tariffs implemented under Mr. Trump have not yet triggered widespread ... and Williams-Sonoma have reportedly delayed the full impact by accumulating inventories before the taxes took effect. The analysis emerges just ahead of a July 9 deadline ...
Stock sales by top officials clustered before Trump's major tariff announcements, according to a USA TODAY analysis of transaction forms.
Global markets are telling conflicting stories about the possible longer-term impact of U.S. tariffs on growth, a schism that investors say means either stocks or bonds could see a steep correction once it's clear which is right.
Some economists predict that Trump’s tariffs are expected to drive up auto costs anywhere between $4,000 to $12,500, depending on what type of car you buy and where it comes from.
An analysis finds a critical group of U.S. employers would face a direct cost of $82.3 billion from Trump’s current tariff plans.
US President Donald Trump has indicated that he will not go below a 15% rate as he sets his “reciprocal” tariffs on US trading partners, a sign that the floor for these increased levies is rising. This latest pronouncement adds another layer of complexity to the administration’s chaotic trade war,
Trump and his allies have escalated attacks on the Fed and Powell in recent weeks, motivated by data showing inflation remained tame through May despite the tariffs put in place. White House Press ...