Trump, Inflation and March
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New York Post |
US inflation slowed more than expected in March, according to the first month of consumer price data to account for the impact of President Trump’s sweeping tariff wars.
USA Today |
Trump said Wednesday he will pause reciprocal tariffs for 90 days to more than 75 U.S. trading partners except for China, whose tariff rate he said will increase to 125%, effective immediately.
Politico |
China announced earlier today that it would ramp up its levies on all U.S. exports to 84 percent beginning tomorrow, per Bloomberg.
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Policymakers and economists say the latest data is only a temporary reprieve as tariffs risk stoking higher inflation.
"Queasy" investors played a part in President Donald Trump's decision to postpone some tariffs. Wall Street is still worried about the economic fallout.
The tariffs' popularity and impact on the economy could be crucial to the outcome of the 2026 midterm elections.
March was the best month for consumer prices in nearly five years, as falling gas prices helped out household budgets despite increases for other necessities. However, the report showed data from before many of President Donald Trump's latest tariffs took effect.
U.S. consumer prices unexpectedly fell in March, but inflation risks are tilted to the upside after President Donald Trump doubled down on tariffs on imported Chinese goods even as he lowered duties on other nations.
Several days after President Donald Trump announced sweeping "Liberation Day" tariffs on much of the world, shock waves continue to ripple through the national and international business community. The Dow Jones Industrial Average dropped again Monday after plunging Thursday and Friday,
The post Fed Chair Jerome Powell Warns Trump Tariffs Could Lead to Higher Inflation, Slower Growth—but Admits Full Impact Remains Unclear appeared first on Real Estate News & Insights | realtor.com®.
5don MSN
US Fed Chair Jerome Powell says the Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth.
President Donald Trump's severe tariffs against virtually all U.S. trading partners took effect on Wednesday at 12:01 a.m. ET. Among them is a hefty 104% tariff rate on China.