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.
In a recent social media post, President Trump criticized Walmart for raising prices due to tariffs, insisting they should absorb the costs instead. As inflation concerns grow, will Walmart heed his call?
Consumer sentiment in the U.S. has hit a new low as inflation expectations soar, raising fears of a potential economic downturn. With prices on the rise and uncertainty surrounding trade policies, Americans are growing increasingly worried about their financial futures.
President Trump's sweeping tariffs on imports have sparked a global trade war, leading to fears of recession and rising inflation. Allies and rivals are threatening retaliation, intensifying market turbulence.
President Trump is set to unveil the largest trade barriers in decades, dubbed 'Liberation Day.' This move could send shockwaves through the economy, affecting everything from consumer prices to job security. Discover the potential fallout from Trump's new tariffs!
U.S. consumer spending rose by 0.4% in February, reversing January's decline as inflation concerns mount amid escalating trade tensions and tariffs imposed by President Trump.
Consumer sentiment has dropped significantly in March, reaching its lowest point since November 2022. Concerns over inflation and a struggling stock market have left consumers feeling uncertain about the future, as political and economic factors weigh heavily on their outlook.
Treasury Secretary Scott Bessent claims President Trump's tariffs won't raise inflation, asserting that China will absorb the costs. As tariffs on imports from Canada and Mexico approach, experts warn of potential economic fallout.
Survey shows U.S. consumer confidence at a 3-1/2 year low due to economic concerns under Trump's administration. Tariffs, layoffs, and inflation fears contribute to growing pessimism.
Consumer confidence took a nosedive in February as worries over the economy, inflation, and tariff threats loomed large. The decline, influenced by trade policy and Federal Reserve decisions, signals potential shifts in consumer behavior.
