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USA TODAY |
The new tariffs are expected to reignite inflation, hammering consumer spending, which makes up 70% of economic activity.
Bloomberg L.P. |
President Donald Trump’s much bigger-than-expected tariff hikes increase the urgency of the Republican tax-cut package now in negotiation, while threatening to undermine its boost to business and cons...

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Trump's sweeping tariffs could mean a US recession, much higher inflation: Economists
The most far-reaching version of Trump’s strategy would raise the effective, or average, tariff on U.S. imports to about 20%, comparable to the heavy import duties the nation imposed in the 1930s and that contributed to the Great Depression, Zandi said. Before Trump took office, the average U.S. tariff rate was about 3%.
A few governments offer to end all tariffs on U.S. in response to Trump
Israel, Taiwan, Vietnam and Zimbabwe said they could drop tariffs on U.S. goods. In some cases, that might not be enough, White House trade adviser Peter Navarro said.
Trump threatens new 50% tariffs on China
Donald Trump has threatened China with an extra 50% tariff on goods imported into the US if it does not withdraw its 34% counter-tariff, as global markets continue to fall. Beijing retaliated on Sunday,
Trump’s Tariffs Raise Tax-Cut Stakes With Recession Fears Rising
President Donald Trump’s much bigger-than-expected tariff hikes increase the urgency of the Republican tax-cut package now in negotiation, while threatening to undermine its boost to business and consumer confidence.
'Sometimes you have to take medicine': Trump defends sweeping tariffs
Just hours after Trump's comments, stock markets plunged in Asia early on Monday, with Hong Kong's Hang Seng losing 9.8%.
Trump urges Americans on edge from tariffs to ‘hang tough’
Americans are on edge as trillions of dollars of wealth were wiped out when global markets took a dive after President Donald Trump’s tariffs were announced Wednesday. The President says those tariffs are “here to stay” and to “hang tough.
How Much Will Tariffs Add to Inflation? These Economists Did the Math.
PCE inflation could show about a two percentage point increase over baseline forecasts under the just-announced tariff regime, Wells Fargo economists say. Plus, market newsletter commentary about oil prices,
Tariffs Risk Pushing Inflation Higher, Growth Lower, Fed Chair Powell Says
America's top central banker has the same concerns as many other experts about what President Donald Trump's "Liberation Day" tariffs will bring: higher inflation and slower economic growth.
Hawaii Faces New Inflation Risk on Top of Trump Tariffs
With a house price-to-income ratio of 10.6 and 67.9 percent of a resident's income needed to cover an average mortgage, Hawaii is the most expensive state in the country for housing.
Fed's Powell addresses Trump's tariffs, says officials' job is to contain inflation
Fed's Powell said the economy is in "good place," and officials must keep inflation controlled. His remarks suggest the possibility of fewer rate cuts
Powell Says Trump’s Tariffs Raise Risks of Faster Inflation and Slower Growth
Jerome H. Powell, chair of the Federal Reserve, says the central bank’s “obligation” is to ensure that a “one-time increase in the price level does not become an ongoing inflation problem.”
Why China Tariffs Are Bad News for US Housing Market
A budding trade war between China and the U.S. threatens to bring the cost of homebuilding materials further up.
Fed Chair Powell says he expects Trump's tariffs will hike inflation and slow growth
"While tariffs are highly likely to generate at least a temporary rise in inflation, it's also possible the effects will be more persistent," Powell told the audience at the Society for Advancing Business Editing and Writing conference in Washington, D.C.
What Do Trump's Tariffs Mean For the Federal Reserve's Fight Against Inflation?
The Federal Reserve's fight against inflation just got more complicated as President Donald Trump's tariffs could push up inflation and increase the chances of a recession, economists said.
Fed's Powell says larger-than-expected tariffs likely to boost inflation, slow growth
President Donald Trump's new tariffs are "larger than expected," and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve Chair Jerome Powell said on Friday,
Tariffs, Government Spending And Inflation — They’re Not What You Think
To hide behind “economists” as a reason for disliking anything is to frequently misunderstand your argument and to kill your argument before you’ve begun.
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