Trump, Tariffs
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With inflation back on the rise, keeping track of specific products for price changes can help give you a clearer picture of where things stand.
People overseas have so far paid very little for tariffs, with Americans bearing the brunt of the cost, per Deutsche Bank.
In a research note, Deutsche Bank analysts contradicted the White House’s assertions that foreign exporters are on the hook for Trump’s tariffs.
After President Trump said that tariffs could be set at a baseline level of 15%, economists projected that consumer prices would rise.
The tariff-driven inflation that economists feared begins to emerge after President Donald Trump's sweeping moves.
It’s quiet ... a little too quiet,” writes Mark Haefele, chief investment officer of UBS Global Wealth Management.
U.S. inflation heated back up in June, rising to its highest level in four months, as price increases — including those from tariffs — packed a bigger punch.
Manufacturers and dealers are ramping up discounts and incentives, helping to grease the wheels on transactions but also eating into profit margins.
U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an impact on inflation and potentially keeping the Federal Reserve on the sidelines until September.
With inflation creeping back into the US economy, it's as important as ever to have a firm grasp on Donald Trump's tariffs and what they mean.