Shipping containers at the Port of Seattle on April 16, 2025.David Ryder/Bloomberg via Getty ImagesTariffs levied by President Donald Trump during his second term would hurt the poorest U.S. households more than the richest over the short term, according to a new analysis.Tariffs are a tax that importers pay on...
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Inflation job nearly done but tariff risks loom — What European Central Bank members said this week
Guests and attendeess mingle and walk through the atrium during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 24, 2025. Jim Watson | Afp | Getty ImagesAfter years dominated by the pandemic, supply chains, energy and inflation, there was a new topic topping...
Citadel’s Ken Griffin warns Trump about tarnishing the ‘brand’ of U.S. Treasurys
Citadel CEO Ken Griffin speaks during the Semafor World Economy Summit 2025 at Conrad Washington on April 23, 2025 in Washington, DC. Kayla Bartkowski | Getty ImagesKen Griffin, founder and CEO of Citadel, said President Donald Trump's global trade fight risks spoiling the reputation of the country and its government...
Businesses are already trying to pass tariff costs onto customers, Fed report says
Businesses dealing with the early stages of President Donald Trump's tariffs are looking for ways to pass increasing costs onto consumers, according to a Federal Reserve report Wednesday.As Trump ordered against-the-board levies on U.S. imports and higher duties on Chinese products, the Fed's Beige Book indicated how they plan to...
Canadian small businesses are taking Trump’s tariffs personally
Close-up of 'Shop Canadian' poster displayed in a local storefront in Edmonton, Alberta, Canada, on April 4, 2025.Artur Widak | Nurphoto | Getty ImagesJust across the U.S.-Canada border, some small businesses are taking tariffs personally.President Donald Trump has said his wide-sweeping tariffs, even on some of the country's closest trade...