Hot Inflation Raises Stakes of Trump’s Tariffs
Hot inflation has raised the stakes of President Trump’s plans to escalate his use of tariffs on the country’s biggest trading partners, risking even higher consumer prices and pushing back the prospects of the Federal Reserve lowering interest rates soon.
Trump’s tariff plan would raise inflation and cost U.S. jobs, economist Mark Zandi says
President Trump ramped up his trade battles with countries around the world today after he announced a plan for new reciprocal tariffs that could take effect this spring. The tariffs would match the tax rates that other countries charge on American-made imports.
19hon MSN
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