Trump, tariff and consumer prices in June
Digest more
Prices of clothing and shoes are expected to be particularly impacted by the tariffs, Yale University’s Budget Lab found.
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.
Stock sales by top officials clustered before Trump's major tariff announcements, according to a USA TODAY analysis of transaction forms.
The Trump administration’s trade war didn’t seem to hurt Prime Day, which Amazon says was the biggest one yet.
It’s a widely held belief among economists that President Donald Trump’s tariffs will boost inflation notably over the next few months. But muted price increases so far have called that ...
11d
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%.
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,
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 set by Mr. Trump for formally establishing tariff rates across dozens of countries.