Tag Archives: Tariffs

(Reuters) -Chicago Federal Reserve President Austan Goolsbee said on Wednesday the U.S. central bank is grappling with understanding whether tariffs will push up inflation just temporarily or more persistently, which would inform its decision on when to cut interest rates. “As we go into the fall, these are going to be some live meetings and we’re going to have to …

The Swiss government is telling its domestic companies that they have not, in fact, found a clever way to skirt President Donald Trump’s tariffs by routing goods through the tiny neighborhood country of Liechtenstein. Switzerland and Liechtenstein share a 102-year-old customs treaty allowing the 25km-long principality to share the Swiss economic area. But that agreement, which makes it nearly impossible …

Apple CEO Tim Cook (R) shakes hands with U.S. President Donald Trump during an event in the Oval Office of the White House on August 6, 2025 in Washington, DC. Win Mcnamee | Getty Images Top tech executives are at the forefront of a recent swathe of unprecedented deals with U.S. President Donald Trump. In just the last few days, …

Topline President Donald Trump on Tuesday said his tariffs are taking in “trillions of dollars”—which matches estimates from some economists for revenue his levies could generate, but over the next decade, not so far this year. Treasury Secretary Scott Bessent has projected tariff revenue would reach $300 billion per year. Getty Images Key Facts “Trillions of dollars are being taken …

Topline Consumer prices rose slower than expected last month as President Donald Trump’s tariffs gripped markets, according to federal data released Tuesday, as hope remains for a possible interest rate cut by the Federal Reserve. The inflation report is the first since President Donald Trump fired the Bureau of Labor Statistics chief. Getty Images Key Facts Consumer prices rose 2.7% …

Inflation ticks higher as Trump’s tariffs kick in  Politico Consumer prices rise 2.7% annually in July, less than expected amid tariff worries  CNBC Tariff-driven inflation accelerating with ‘worst yet to come,’ AEI’s Michael Strain says  PBS Inflation holds steady, but Trump’s tariffs are boosting some prices  CNN Cheaper gasoline restrains US consumer prices; worries about data quality rise  Reuters Source link

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 …

WASHINGTON (AP) — The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Donald Trump’s tariffs, according to Treasury Department data released Tuesday. The U.S. saw a 273% increase — or $21 billion — in customs revenue in July over the same period last year, the …

Trump Mocks Goldman CEO, Says Bank Made Bad Call on Tariffs  Bloomberg.com ‘Just Focus on Being a DJ’—Trump Attacks Goldman CEO Over Tariffs  The Wall Street Journal Trump blasts Goldman over tariff forecasts, tells David Solomon to ‘focus on being a DJ’  Yahoo Finance Trump mocks Goldman Sachs CEO David Solomon: ‘Maybe, he ought to just focus on being a DJ’  Business Insider Trump …

Hello, and welcome to TechScape. My Spotify playlists are undergoing a British invasion this week. Here’s what I’m listening to: PinkPantheress, Lola Young and Evita in London. Privileges with the president Donald Trump announced this week that two US chipmakers would tithe 15% of their revenue from sales in China to the US government. Paying for the license to sell …