inflation, Trump and tariffs
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The pause on many tariffs was supposed to end this week, but it didn't. Get the inside scoop on tariffs and what they mean for your budget.
According to a report by Coresight Research, 62% of shoppers say they'll begin back-to-school shopping before August, up over 8 percentage points from last year.
Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.
Economists say it will take time for the effects of trade policies to show up in economic data — but acknowledge they aren’t sure how long.
Global stock markets have largely shrugged off President Donald Trump’s renewed tariff campaign. In commodities markets, however, tariff threats have sent the price of copper soaring to all-time highs — signaling the potential for higher tariff-induced prices for a metal with critical uses across the US economy.
Inflation rose sharply in June as new import tariffs, introduced by the Trump administration, began to impact consumer prices. Items such as audio equipment and furniture saw significant price increases.
Some top executives at Wall Street banks have been showing concern about higher inflation and potential deterioration of the U.S. economy as tariffs take effect, noting there has been more cautious behavior from corporate clients.
While tariffs are a tangible worry for investors, something far more nefarious (and important) can weigh on the stock market.
Inflation accelerated in June due to sweeping tariffs likely raising prices for various goods. Economists predict a year-over-year increase of 2.6%. Rising inflation could challenge President Trump's economic promises and complicate the Federal Reserve's interest rate strategy.
W hen Donald Trump’s tariffs are mentioned, you might recall his “Liberation Day” duties on uninhabited islands, his on-again, off-again threats against Canada, or the curt letters he has sent foreign leaders informing them of imminent rates.