Trump Unveils New Tariff Rates
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President Donald Trump has again delayed a tariff deadline. His back and forth on the policy spurred TACO accusations. What does it mean?
President Donald Trump is threatening to impose 50% tariffs on Brazilian imports — a move that could spike prices of breakfast staples like coffee and orange juice.
2don MSN
With Trump's tariff deadlines pushed out, Jerome Powell and the Fed might be comfortable waiting longer before cutting interest rates.
The new tariffs [threatened in letters](
St. Louis Fed president Alberto Musalem said Thursday he is undecided about whether tariff inflation will be a one-time increase or longer lasting, underscoring the uncertainty about what direction the central bank will move in the coming months.
The Fed’s median target rate is still well above the annual pace of consumer inflation. The odds are low that Fed will cut rates at the upcoming July 30 policy announcement. Read more here.
It shows that personal grudges rather than simple economics are a driving force in the U.S. leader’s use of tariffs.
13hon MSN
Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come in to America will deliver a taxing blow to consumers via higher prices.