Tariffs Drive U.S. Core Inflation Higher, Economist Warns
AEI economist Michael Strain says U.S. tariffs are worsening core inflation, with goods prices set to rise further in coming months.
My Global News: Voices of a New Era
🌍 Stay Ahead, Stay Global 🚀
AEI economist Michael Strain says U.S. tariffs are worsening core inflation, with goods prices set to rise further in coming months.
Professor Scott Lucas warns that in President Trump’s tariff war, Americans—importers, manufacturers, consumers and farmers—end up paying the price.
Yale Budget Lab’s Natasha Sarin says US tariffs divert resources to low-productivity sectors, raising prices and shrinking the economy for the long haul.
Sen. Maria Cantwell says Trump’s tariffs amount to an unconstitutional tax on Americans, with revenue coming straight from consumers.
The U.S. and the Chinese mainland have extended the suspension of their 24 percent reciprocal tariffs for another 90 days, aiming to stabilize trade amid renewed uncertainty.
India vows to defend its farmers as Washington hikes tariffs up to 50% on exports, marking a new chapter in US-India trade tensions.
President Trump plans face-to-face talks with Putin next week, then a trilateral meeting with Zelenskyy—while imposing a 25% tariff on Indian imports tied to Russian oil.
Mexico and Canada concluded two days of high-level talks in Mexico City to shore up bilateral ties and steer clear of new U.S. tariffs, aiming to keep North American trade stable.
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.
President Trump’s new tariffs on the Chinese mainland, India, and the EU have traders on edge over costs, supply chains, and inflation risks.