President Trump has doubled tariffs on imported steel and aluminum to 50%, igniting debates over rising costs for consumers and businesses. Meanwhile, aid operations in Gaza have been paused amid escalating violence.
President Trump has ramped up steel and aluminum tariffs to 50%, impacting both domestic producers and industries reliant on these metals. As costs rise, the ripple effects could lead to higher consumer prices and job losses in other sectors.
The announcement of price hikes by Walmart due to President Trump's tariffs has sent shockwaves through the retail industry, raising concerns about inflation and consumer confidence. Experts warn this could set off a chain reaction affecting prices nationwide.
Treasury Secretary Scott Bessent states Walmart may have to raise prices due to Trump's tariffs, despite the President's warnings to avoid doing so. As inflation concerns linger, Bessent downplays the impact on consumers.
In a recent interview, Treasury Secretary Scott Bessent downplayed inflation fears linked to Trump’s tariffs, emphasizing Walmart’s ability to absorb costs. He praised strategic uncertainty in trade negotiations while addressing concerns over rising consumer prices.
As President Trump's tariffs take effect, Walmart warns of impending price hikes on various products. CEO Doug McMillon highlights the challenges of maintaining low prices amidst rising costs and trade uncertainty.
U.S. consumer prices saw a moderate rebound in April, leading to the smallest annual increase in four years. While the Federal Reserve maintains its wait-and-see approach, concerns about tariffs and economic growth persist. What does this mean for inflation and your wallet?
President Trump announces a controversial trade deal lowering tariffs on luxury UK cars while threatening a 100% tariff on popular toys from Mattel, creating a stir over consumer prices.
President Trump admits tariffs could raise prices on children's toys but insists Americans will prefer better quality, domestic products. As the economy contracts, concerns grow over the impact of trade wars.
In a major policy shift, the US is closing a duty-free loophole that allowed low-value packages from China to enter without taxes. This change, effective May 2, will push prices up for popular online retailers like Shein and Temu, impacting millions of American shoppers.
