Trump, Wholesale prices
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Tariffs contributed modestly to the rise of inflation last month, analysts told ABC News, citing the price hikes in product categories made up primarily of imports. But, they added, overall price increases owed largely to a rise in housing and food products with little connection to tariffs.
As a new federal tomato tariff takes effect, farmers in Delaware hope rising prices will push more people to shop local.
Wholesale inflation in June, as measured by the producer-price index, surprised to the downside “as lower hotel rates and airfares offset tariff effects,” according to Comerica Bank’s chief economist,
President Trump's tariffs will affect jobs and economic stability in many countries, and result in lower global growth, according to a top UN trade official.
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CNET on MSNCNET Daily Tariff Price Tracker: What Prices for 11 Key Products Have Shown About Tariff ImpactsThe deadline for the start of Trump's heaviest tariffs has been delayed a few weeks, but some prices have already begun to react to them.
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Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come in to America will deliver a taxing blow to consumers via higher prices.
Prices on many models have crept up. But the average marketed price industrywide is flat, at about $49,700, according to Cloud Theory, which tracks car inventory on dealer websites across the country.
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CNET on MSNYour Next Car Might Cost More: Industry Insiders Explain Tariff-Driven Price Increases and How to Offset CostsExperts predict near-term price instability for EVs and other vehicles due to Trump's tariffs, with potential leveling by 2027. Here's what you can do now if you're in the market to buy.
The Indian rupee is set to open weaker on Wednesday after June U.S. inflation data hinted at tariff-driven price pressures, prompting markets to scale back bets of Federal Reserve rate cuts and pushing the dollar and U.