New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1.
Category: United States Economy
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U.S. Inflation Accelerated in June as Trump’s Tariffs Pushed Up Prices
The Consumer Price Index rose 2.7 percent from a year ago, as the global trade war started to bite.
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For Big Banks, the Trump Era Is Proving Profitable Thus Far
JPMorgan’s Jamie Dimon lauded the “resilient” U.S. economy as his bank reported bumper quarterly earnings.
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The Economy Has Been Resilient. The New Round of Tariffs May Hit Harder.
The economy’s resilience so far to President Trump’s global trade war risks emboldening him and unleashing the sort of economic devastation that economists have long feared.
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Bluffs and Bluster Aside, Trump’s Tariffs Are Here to Stay
The president has earned a reputation for bluffing on tariffs. But he has steadily and dramatically raised U.S. tariffs, transforming global trade.
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Factories Were Pushed Out of Cities. Their Return Could Revive Downtowns.
Changes in zoning rules have allowed small manufacturers to return to the districts and neighborhoods they began leaving a century ago.
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Trump Cites Flow of Fentanyl to Justify New Tariffs on Mexico
The tariffs are likely to inflame tensions with one of the largest U.S. trading partners.
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Trump’s Push for Influence Over Fed Decisions May Hobble Next Chair
The president hasn’t named a successor to Jerome H. Powell, but his insistence on someone who will lower interest rates has already raised doubts about their credibility.
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Latest Fed Minutes Underscore Divisions Over Pace of Interest Rate Cuts
The U.S. central bank’s decision to hold interest rates steady in June was unanimously supported, but officials were starting to splinter over the path forward.
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Trump Takes Reins on U.S. Economy With Policy Bill and Tariffs Renewal
President Trump has achieved much of his agenda, leaving the fate of the economy squarely in his hands.
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Trump Keeps Foreign Countries on Edge as Tariff Deadline Nears
The president is again threatening higher tariff rates on a dozen foreign nations, as a deadline elapses this week for making trade deals.
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How Republicans Re-engineered the Tax Code
The product of years of Republican effort, the American tax code now blends traditional supply-side economics with President Trump’s populist 2024 campaign promises.