Trump tariffs, inflation
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While Donald Trump's wide-ranging taxes on imports face scrutiny in court, he has touted a new "deal" with China that will see tariffs against the country remain at historic levels. Here's what it will mean for you.
Prices for major appliances jumped in May, and new tariffs backed by former President Donald Trump are expected to push them even higher as manufacturers face rising costs for foreign-made materials.
The Tribune is tracking 11 everyday costs for Americans — eggs, milk, bread, bananas, oranges, tomatoes, chicken, ground beef, gasoline, electricity and natural gas — and how they are changing, or
U.S. consumer prices likely increased moderately in May amid relatively cheaper gasoline, but the Trump administration's import tariffs probably started filtering through to other goods, potentially raising underlying inflation pressures.
Inflation likely picked up in May, but not by much. A modest increase in the consumer price index won’t influence the Federal Reserve’s interest-rate policy, but could provide an early gauge of the impact of higher tariffs on prices for goods and services.
Prices for major appliances surged 4.3% in May largely due to rising manufacturing costs from tariffs. Costs could go up even more later in the year.
3don MSN
U.S. inflation likely picked up a bit last month as President Donald Trump’s tariffs start to bite, but lower prices for gas and possibly for air fares and used cars may limit the overall increase
Key Takeaways A new survey found six in ten consumers wouldn’t pay more than 10% in additional costs on products impacted by tariffs.Younger consumers were more likely to cut their budgets, purchase items before tariffs take effect,
The analysis tracked the prices of five popular baby gear categories: car seats, bassinets, strollers, high chairs and baby monitors.
With home appliance price hikes on the horizon, here's how experts suggest you plan ahead to save money on a big purchase.
The Consumer Brands Association also warned 20,000 U.S. food manufacturing jobs could be endangered if more costly products cause a drop in sales.
Consumer prices came in slightly lower in May, but below expectations as lower energy prices helped, the Labor Department reported on Wednesday. For the month, prices rose by 0.1%, below the 0.2% forecast,