Fed Chair Jerome Powell says Trump tariffs are ‘likely to raise inflation’ and the economic effects could be ‘significantly larger’ than expected
Friday, 4 April 2025 () Fed Chair Jerome Powell warned on Friday that President Donald Trump’s sweeping tariffs would likely push inflation higher, dampening investors’ hopes that the central bank would cut interest rates later this year. “Higher tariffs will be working their way through our economy and are likely to…
President Donald Trump has unleashed sweeping new "Liberation Day" tariffs, imposing a minimum 10% baseline on trading partners, including Mexico. As tensions rise, Mexican President Claudia Sheinbaum has ruled out immediate retaliatory tariffs, instead focusing on a strategic economic defense plan....
President Donald Trump has extended the deadline for ByteDance to sell TikTok’s U.S. operations by another 75 days, pushing the potential shutdown to mid-June. This marks the second time Trump has..
Canada hits back after Trump’s sweeping tariffs by slapping a 25% tax on US vehicles. PM Mark Carney calls the US tariffs “unjustified, unwarranted and misguided.” Canada vows to defend workers..
Former Russian President Dmitry Medvedev has launched a scathing warning to Europe, calling the EU a “decaying corpse” following sweeping tariffs announced by U.S. President Donald Trump. In a post..
Topline Sweeping tariffs rolled out by the Trump administration this week are expected to raise inflation and slow economic growth, according to Federal Reserve... Upworthy
Friday, 4 April 2025 ()
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