My Global News: Voices of a New Era
🌍 Stay Ahead, Stay Global 🚀
US tariffs, particularly from the Trump era, are fuelling higher grocery bills and inflation that squeeze American households’ budgets, spotlighting the real cost of trade policy at the kitchen table.
Tariffs and inflation are driving up back-to-school costs in the U.S. and beyond, forcing parents worldwide to rethink budgets with creative savings strategies.
At Jackson Hole, Fed Chair Jerome Powell hinted at possible interest rate cuts amid growth concerns and tariff-driven inflation pressures, setting markets on edge.
AEI economist Michael Strain says U.S. tariffs are worsening core inflation, with goods prices set to rise further in coming months.
China’s consumer price index (CPI) remained unchanged year on year in July, indicating stable inflation in the Chinese mainland.
Latest inflation data shows tariffs are driving up costs even as some U.S. lawmakers profit from stock gains—fueling a rare bipartisan push to curb the duties.
Gary Hufbauer of PIIE slams US tariffs as “completely ridiculous,” forecasting tariff-driven inflation to show in the CPI by October or November, tightening budgets for everyday Americans.
With Aug. 1 tariffs looming, global partners face higher costs and potential price hikes—can a deal avert a summer Black Friday?
Toy prices in the U.S. jumped 2.2% in May as tariffs on imports from the Chinese mainland drive costs up, outpacing overall inflation and foreshadowing pricier holiday gifts.
The Fed’s Beige Book warns of a neutral to pessimistic US economic outlook as rising tariffs and policy uncertainty put upward pressure on prices and hiring decisions.