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Inflation rose less than expected in May despite Trump’s tariff turmoil
U.S. inflation rose 0.1% in May, less than expected despite concerns about Trump's tariffs. The President also says a trade deal with China is "done" but “subject to final approval.” NBC News Senior Business Correspondent Christine Romans and Axios Senior Economics Reporter Courtenay Brown join Christina Ruffini to break down the implications.
While Donald Trump's wide-ranging taxes on imports face scrutiny in court, he also continues to alter them and introduce or ...
Former Treasury Secretary Janet Yellen weighed in on the Trump administration ... The reciprocal tariffs do not impact Mexico or Canada, which both face a 25 percent import tax on goods not ...
The tax cuts in President Donald Trump’s One Big Beautiful Bill would likely gouge a $2.4 trillion hole in the federal budget ...
"There is a chance that the money from tariffs could be so great that it would replace (the income tax).” The idea may sound appealing, but economists who spoke to USA TODAY say Trump's ...
Pence, who served as vice president during Trump's first term, wrote on X, formerly Twitter, on Wednesday: "The Trump Tariff Tax is the largest ... tariffs were a "bad idea" for the ...
As Mr. Trump implements—granted, haltingly—these economists’ ideas on tariffs, we should take seriously the risk that the administration will push ahead with some of their other ideas ...
Mr. Trump has repeatedly floated the idea of using his tariff agenda to offset or even replace income taxes. "Under the American first economic model, as tariffs on other countries go up ...
A federal appeals court agreed Tuesday to let the government keep collecting President Donald Trump’s sweeping import taxes ...
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