Trump's tariffs could increase home prices and mortgage rates, some experts say
"In his first term, President Trump instituted tariffs that helped level the playing field for American industry and workers without hiking inflation. In his second term, he will again use tariffs to raise wages, create jobs, expand investment and deliver economic prosperity," White House spokesperson Kush Desai said.
Americans could pay a high price for Trump’s reciprocal tariffs
President Donald Trump’s desire to get even on countries by matching tariffs they have on American goods could come at a steep cost.
Trump May Unveil His Most Sweeping Tariffs Today: What To Know About Reciprocal Tariffs—And Inflation Impact
The inflation impact of the tariffs depends on how Trump approaches the measures, but it could be as much as a 0.5 percentage-point increase, according to Deutsche Bank.
Trump's tariffs on steel and aluminum 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, Miller added, citing a monthly government data release. Those price hikes far outpaced an overall inflation rate of around 2%.
Trump Says New Tariffs Will 'Make America Rich Again'
President Donald Trump has signed an executive order that will make all steel imports taxed at a minimum of 25%. Trump also hiked his 2018 aluminum tariffs to 25% from 10%.
Chocolate prices are up 20% this Valentine’s Day as cocoa prices hit record
It will be harder to find sweet deals on chocolate this Valentine’s Day. In fact, the cost of chocolate might put a bitter taste in your mouth.
Why U.S. gasoline prices could rise if Trump slaps tariffs on Canadian crude oil next month
U.S. refiners have become more reliant on heavy crude from Canada. Tariffs on Canadian crude oil imports could lead to higher ...
Upstream19m
US natural gas price average set to rise in 2025 after cold January
After averaging $4.13 per million British thermal units in January — including a daily high of $9.86 on 17 January ahead of ...
Trump's tariffs on Mexico and Canada will increase prices for consumers; experts offer details
President Donald Trump's tariffs on Mexico and Canada could take effect next month, with consumers likely to see prices rise ...
Electrek4d
Tesla increases Model X price, brings back incentive Elon Musk said was ‘not coming back’
Tesla has increased Model X prices and brought back an incentive that CEO Elon Musk said was unsustainable and ...
Tariffs would increase car prices and potentially cause massive layoffs, experts say
After tariffs, new vehicles will cost thousands more and many workers will likely lose their jobs, experts say ...
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Bypass the Microsoft 365 Price Increase With This Office Lifetime License
Instead of paying recurring fees and the increased price of Microsoft 365, you could have Microsoft Office 2024 for life.
Families shocked that community pool pass price is going up by over $300: ‘Drastic increase’
A mom in North Dakota was shocked to find out that her community pool pass will cost over $300 more this year.
Drugmakers Show Restraint on Price Increases in New Trump Era
The companies raised prices a median 4%, though some drugs will cost thousands of dollars more.
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LA Increases Price Gouging Penalty to $50,000
The Los Angeles County Board of Supervisors approved a motion Tuesday to increase the penalty for price gouging to a maximum ...