Trump, tariffs
Digest more
Top News
Overview
Impacts
The new tariffs are expected to reignite inflation, hammering consumer spending, which makes up 70% of economic activity.
From USA TODAY
President Donald Trump unveiled tariffs this afternoon on potentially trillions of dollars' worth of imports, an action he has called "Liberation Day." Markets plunged after the announcement.
From NBC News
“The estimate for working families in terms of impact on an annual basis is somewhere around $2,500-5,000 of additional cost to the average U.S. family,” said Brahim.
From Yahoo
Read more on News Digest
Financial markets declined markedly after President Donald Trump unveiled steeper-than-expected retaliatory tariffs.
In 2021, as the US economy recovered from the pandemic, consumer prices began to creep higher. Federal Reserve officials said then that rising inflation would only be “transitory.”
Newsweek's average of the 10 most recently published polls shows Trump's approval rating has slipped to 46 percent, while 51 percent disapprove.
2h
DPA International on MSNEU official warns Trump's 'liberation day' is more an 'inflation day'The chair of the European Parliament's Trade Committee, Bernd Lange, warned that new tariffs imposed by US President Donald Trump on Wednesday could have severe negative consequences, especially for the average citizen.
Investors in financial derivatives called U.S. inflation swaps are betting that President Donald Trump's tariffs will have a hefty short-term impact on consumer prices that will recede in the next few years as recession concerns escalate.
1don MSN
Asian stock markets tumble at start of US president’s ‘Liberation Day’ - Donald Trump to unveil sweeping tariffs on any country that ‘treats the US unfairly’ today
Trump could be purposely keeping inflation high to devalue the national debt, some experts believe.