Tag Archives: costs

U.S. producer prices surge in July as Trump tariffs push costs higher

U.S. producer prices surge in July as Trump tariffs push costs higher

WASHINGTON (AP) — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way. The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers— rose 0.9% last month from June, biggest jump …

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Tapestry Stock Slumps as Coach, Kate Spade Parent Cuts Outlook on Tariff Costs

Tapestry Stock Slumps as Coach, Kate Spade Parent Cuts Outlook on Tariff Costs

Cheng Xin / Getty Images The news offset better-than-expected fourth-quarter results, driven by demand for Coach bags Fashion handbag maker Tapestry slashed its full-year forecast because of the costs on new U.S. tariffs. The company lowered its fiscal 2026 earnings per share estimate as it anticipates a $160 million hit from tariffs. The news offset better-than-expected fourth-quarter results, driven by …

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U.S. producer prices surge in July as Trump tariffs push costs higher

U.S. producer prices surge in July as Trump tariffs push costs higher

WASHINGTON (AP) — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way. The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers— rose 0.9% last month from June, biggest jump …

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Goldman Sachs doubles down on tariff research that infuriated Trump, saying average Americans will bear two-thirds of the costs

Goldman Sachs doubles down on tariff research that infuriated Trump, saying average Americans will bear two-thirds of the costs

Goldman Sachs is refusing to back away from its analysis that Americans—not foreign exporters or overseas governments—are bearing the majority of costs from President Donald Trump’s sweeping tariffs. The Wall Street giant doubled down this week on chief economist Jan Hatzius’s research as inflation data showed a jump in consumer prices and the political backlash from the White House intensified. …

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Trump tells Goldman Sachs CEO to hire a new economist after bank says consumers will pay bulk of tariff costs

Trump tells Goldman Sachs CEO to hire a new economist after bank says consumers will pay bulk of tariff costs

Facebook Tweet Email Link Days after Goldman Sachs’ top economists published research claiming price increases stemming from higher tariffs are poised to soon be borne mostly by consumers, President Donald Trump is urging the bank’s CEO, David Solomon, to get a new economist. “Tariffs have not caused Inflation, or any other problems for America, other than massive amounts of CASH …

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US prices continued rise in July as Trump tariffs impact consumer costs | US economy

US prices continued rise in July as Trump tariffs impact consumer costs | US economy

US prices continued to rise in July, according to key economic data released on Tuesday, as Donald Trump’s international tariffs shakeup started to impact consumer costs. Prices were 2.7% higher last month compared with a year ago, according to the consumer price index (CPI), which measures the prices of a basket of goods and services. Though inflation dipped down in …

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The hidden costs of cutting Medicaid : Planet Money : NPR

The hidden costs of cutting Medicaid : Planet Money : NPR

Amr Bo Shanab/Getty Images With the passage of the big Republican tax and spending bill, the federal government is poised to reduce support for Medicaid and the insurance marketplaces established by the Affordable Care Act. The Congressional Budget Office estimates that these cuts could cause 10 million Americans to lose health insurance by 2034. Lawmakers have justified these cuts as …

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Consumers are already paying two-thirds of tariff costs, says Goldman Sachs

Consumers are already paying two-thirds of tariff costs, says Goldman Sachs

When President Trump announced his tariff agenda, he said it would be foreign companies and consumers that would “eat” the price hikes. That’s a take that may be proved optimistic at best and misguided at worst. While tariffs have yet to significantly shift the dial on inflation—prompting individuals like Treasury Secretary Scott Bessent to label them the “dog that didn’t …

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