The Trump administration is facing backlash from American consumers as higher costs from tariffs blunt wage gains.
Category: United States Economy
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Trump Officials Prepare Tariff Exemptions, Seeking to Lower Food Prices
If the proposal goes into effect, it would be the latest rollback of one of President Trump’s key economic policies over concerns about affordability.
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Canadian Travel to the United States Falls for 10th Consecutive Month
The drop has been reflected in air and car travel, according to Canadian statistics. Tensions over tariffs placed by the Trump administration spurred calls for Canadians to spend their money at home.
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Atlanta Fed President to Step Down in February
The departure of Raphael W. Bostic, who has served in the role since 2017, would create a new vacancy at the central bank.
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Trump Tries to Seize ‘Affordability’ as Americans’ Economic Worries Grow
The issue has buoyed Democrats and is resonating with an American electorate that is souring on the president’s economic agenda.
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The Astonishing Bull Market Will End One Day. Are You Ready?
Big stock gains have always been followed by big losses. Here are tips on how to prepare.
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The Job Market Is Cooling but Not Collapsing, According to Private Data
The federal government shutdown canceled a second straight jobs report, but private data sources suggest the labor market has weakened modestly since summer.
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The Fed’s Recent Rate Decisions Have Been Divisive. It Is Likely to Get Worse.
The last three policy votes have featured some form of dissent, as officials grapple with how to weigh a softening labor market and resurgent inflation.
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Holiday Consumer Spending Could Exceed $1 Trillion, Retailers Project
Despite shoppers’ concerns about rising costs, inflation and the government shutdown, retailers predict sales will increase as much as 4.2% over the holidays.
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Trump Team Now Claims Its Trillions in Tariff Revenue Are ‘Incidental’
In arguments before the Supreme Court, the White House backed away from its claims that President Trump’s tariffs were about raising revenue.
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A Skeptical Supreme Court Puts Trump’s Tariffs and Economic Agenda in Question
President Trump has used his sweeping global tariffs as an economic tool and a political cudgel. A decision invalidating them could hamper his power.
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Key Justices Cast a Skeptical Eye on Trump’s Tariffs
The Supreme Court is considering whether the president acted legally when he used a 1977 emergency statute to impose tariffs on scores of countries.