Steel Tariffs and Inflation

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Tariffs on Steel, Aluminum Double

Trump's hike of steel and aluminum tariffs could raise these prices

In the aftermath of steel and aluminum tariffs during Trump's first term, major appliances showed price increases of between 5% and 10% between June 2018 and April 2019, Jason Miller, a professor of supply chain management at Michigan State University, previously told ABC News, citing a monthly government data release.

Yahoo Finance · 2d

Trump tariffs live updates: Trump and China's Xi Jinping speak at last, agree to more talks

President Trump is pushing for trade deals while he is set to sign an order doubling tariffs on steel and aluminum. Meanwhile, his trade war is causing the global economy to slow, with growth now heading for its weakest pace since the COVID-19 pandemic,

The Washington Post · 2d

Businesses brace for steel and aluminum tariffs, which double today

Tariffs on steel and aluminum doubled to 50 percent Wednesday, adding higher costs and new uncertainty for businesses across the country that rely on metal imports for machinery, construction and ...

Trump, tariffs and trade deficit

The Economist · 1d

Trump’s tariffs have so far caused little inflation

Even before Donald Trump’s “Liberation Day” tariffs on April 2nd, the median estimate among the 48 who were surveyed by the University of Chicago’s business school was that Mr Trump’s levies would raise inflation in 2025 by 0.

ABC News on MSN · 18h

US trade deficit narrowed significantly amid Trump's tariff escalation

The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed.

Reuters on MSN · 2d

Factbox-Trump's tariffs and threatened trade actions

The United States doubled tariffs on steel and aluminium imports on Wednesday, activating a hike in the duties on the imported metals to 50% from the 25% rate introduced in March. The day also marks the Trump administration’s deadline for trading partners to submit their “best offers” to avoid further steep import duties set to take effect in early July.

Trump tariffs live updates: Trump, Xi Jinping speak at last as US and China lean on key exports in trade fight

President Trump and Chinese leader Xi Jinping spoke on Thursday, and both countries pledged to restart tariff and trade talks ...

Explícame on MSN1h

CBO and Fed say Trump's tariffs slow growth and push up prices

Federal reports from the CBO and Fed show Trump’s tariffs are hurting economic growth and raising consumer prices, ...

Public Broadcasting Service (PBS)1d

What’s ahead for U.S. economy as global market reacts to Trump’s tariffs

The Congressional Budget Office released an analysis of the impact of President Trump’s tariffs. It projects current policies ...

1don MSN

CBO says tariffs will shrink the economy and add to inflation but reduce the deficit

Nonpartisan Congressional Budget Office estimates that Trump's tariffs would shrink the economy and add to inflation while reducing the federal deficit by $2.8 trillion.

3don MSN

Inflation slides to 1.9% in Europe, as worries shift from prices to Trump and tariffs

Inflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, helping clear the way for more ...

11d

Tariffs, inflation worries loom. Lansing developments churning along for now

Building costs rose in the first quarter of 2025 by more than any four-month period in 2024, one cost index found.

What to expect as Trump's steep tariffs take effect

President Trump's 50% tariffs on foreign steel and aluminum took effect Wednesday. Meanwhile, Mr. Trump is expecting to speak ...

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