Good news on inflation could be quickly erased by tax rises and Trump turbulence ahead

Explained: Why Trump Launching External Revenue Services? Members You Need To Know | Watch

President-elect Donald Trump has announced the creation of the External Revenue Service (ERS), a new agency focused on collecting tariffs and duties from foreign imports. Set to begin operations on January 20, 2025, the ERS aims to shift the financial burden from American taxpayers to foreign trade partners, emphasizing a fair share in trade contributions. While supporters see this as a move to boost U.S. revenue, critics warn of potential cost increases for consumers. #TrumpTaxAgency #ExternalRevenueService #USPolitics #Tariffs #TradePolicy #AmericaFirst #TaxReform #EconomicPolicy #USImports #GovernmentRevenue #Oneindia #OneindiaNews Also Read Is Donald Trump Behind the Historic Gaza Ceasefire Deal? A Look at His Peace Legacy :: https://www.oneindia.com/international/is-donald-trump-behind-the-historic-gaza-ceasefire-deal-a-look-at-his-peace-legacy-4042363.html?ref=DMDesc Gaza Ceasefire Talks: Trump’s Role In Securing Peace And Ending 15-Month Conflict :: https://www.oneindia.com/international/gaza-ceasefire-talks-trump-s-role-in-securing-peace-and-ending-15-month-conflict-4041909.html?ref=DMDesc Los Angeles Wildfires Rage On: Santa Ana Winds Intensify Destruction, Death Toll Climbs :: https://www.oneindia.com/international/los-angeles-wildfires-rage-on-santa-ana-winds-intensify-destruction-death-toll-climbs-4041769.html?ref=DMDesc ~HT.318~

Europeans more fearful than others of second Trump US presidency, says poll

Citizens in traditional US ally countries such as the United Kingdom, South Korea, and EU member states express greater doubts about the future of a Trump administration compared to the rest of the world, according to a new global survey.

Kamala Harris faces backlash for lengthy "word salad" advice to LA fire victims, mocking ensues

Vice President Kamala Harris faced criticism for her lengthy and convoluted remarks during a briefing on the Los Angeles wildfires. Her advice to residents to remain patient amid evacuation orders was labeled a "word salad" by critics, who highlighted her tendency to over-explain simple points. The incident sparked backlash on social media, with many mocking her verbose communication style. Supporters of Donald Trump seized the moment to predict that such "word salads" would soon be a thing of the past. #KamalaHarris #WordSalad #LosAngelesWildfires #VicePresident #SocialMediaBacklash #VerboseCommunication #PatienceAdvice #FireVictims #PublicSpeakingCriticism #2025Inauguration #Oneindia #OneindiaNews ~PR.362~ED.102~GR.125~HT.318~

UK inflation jumps to 2.3% in October

UK inflation has risen to its highest level since April driven by an increase in household energy bills, according to official figures. The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation rose to 2.3% for October, up from 1.7% in the previous month. Shadow Chief Secretary to the Treasury Darren Jones said there was “more to do” to ease cost-of-living pressure. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Govt hails unexpected dip in inflation rate

The chief secretary to the Treasury has hailed an unexpected dip in inflation, but admits that the cost of living "is still a pressure for families across the country and there's more work to do". Darren Jones adds the latest Office for National Statistics figures, "shows that the prime minister's plan for change is working". Inflation has fallen to 2.5% in December from 2.6% in November, which will come as a relief to Chancellor Rachel Reeves, who has faced criticism given rising government borrowing costs and a slump in the value of the pound. The latest figures could open the door for an interest rate cut next month. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Chancellor defends visit to China in Commons

Rachel Reeves has defended her decision to visit China over the weekend and accuses the Conservatives of "not wanting to engage with the second largest economy in the world". The chancellor adds that to grow the UK economy "we need to help great British business export around the world" and that not engaging with China "is simply not an option". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Conservatives: Reeves must urgently get a grip on economy

The shadow financial secretary to the Treasury has called on Chancellor Rachel Reeves to "urgently get a grip" on the economy amid the current financial market turmoil. Gareth Davies adds high interest rates and mortgate payments "will be hurting people across the country. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn