Trump, tariffs and Inflation
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Trump, Canada and tariffs
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Cryptopolitan on MSNTrump demands historic rate cut as inflation threat loomsThe US stock market just blew past every record in history, as the capitalization-to-GDP ratio hit 208% this week, jumping nearly 43 percentage points since April. That crushes the previous high of 206% from February and more than doubles the ratio from nine years ago.
President Donald Trump is threatening to impose 50% tariffs on Brazilian imports — a move that could spike prices of breakfast staples like coffee and orange juice.
As President Donald Trump continues to fume over Federal Reserve policy, a new report finds inflation is up, while consumer spending and income are down.
The president has published just 22 letters, many to minor trading partners like Brunei, Moldova and Sri Lanka.
President Donald Trump fired back at Democrats on Wednesday over their inflation messaging, declaring on Truth Social that he “brought down costs more than any President in recorded history” and calling Democratic claims “a total LIE.
The White House has stepped up its attacks on Federal Reserve Chair Jerome Powell, criticizing him over renovations at the central bank's Washington, D.C. headquarters.
Inflation has eased since Trump took office, meaning prices have risen at a slower pace than they had been at the end of the Biden administration. Consumer prices increased 2.4% in May compared to a year earlier, hovering near the lowest inflation since 2021.
High egg prices have surprised many Americans over the past few years — from viral TikToks showing $12 cartons to the question “Why are eggs so expensive?” climbing to the top of Google search trends.