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Treasury Secretary Scott Bessent told Congress that it is "highly likely" that a pause related to steep new US tariffs on other countries will be extended for countries that are negotiating with the administration "in good faith.
The latest tariff announcement doesn't change much, but you should still expect prices to increase. Here's how to save if you're shopping for one.
6hon MSN
President Donald Trump announced Wednesday that China will make it easier for American industry to obtain much-needed needed magnets and rare earth minerals, clearing the way for talks to continue between the world’s two biggest economies.
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Many companies are still working through inventory they stocked before the tariffs hit — but some products are starting to get more expensive.
Economists expect inflation to have jumped slightly in May, registering year-over-year price increases of 2.4%. That would mark an increase from an inflation rate of 2.3% over the year ending in April, which amounted to the lowest inflation level since 2021.
Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.
Revenue from duties jumped to $22 billion in May, and customs officials are stepping up enforcement to collect it.
Today’s shopper is pragmatic. If you’re not actively addressing the tariff conversation, you’re already losing control of the narrative and, likely, your customers.
It’s been several weeks since US President Donald Trump declared his global trade war, but Dinh Ngoc Hien is still busy tending to her stream of customers. One by one, they pluck cigarettes, noodles,
United Auto Workers President Shawn Fain says General Motors’ plan to invest in U.S. factories shows President Trump’s automotive tariffs are working. GM on Tuesday said it