Inflation, prices and tariffs
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Presidential authority & legal foundations for US tariff policies The legal framework governing tariffs in the US is rooted in the US
The U.S. collected a record $16.3 billion in customs revenue in April, although the "Liberation Day" import tax revenue surge could be short-lived.
Austan D. Goolsbee, president of the Chicago Fed, said there was still a risk of higher consumer prices and slower growth amid elevated uncertainty about the White House’s trade policy.
Since Trump's tariff announcement last month, employees have been awaiting the fallout on their jobs and economic circumstances. They're right to be concerned, but not in the way they may have assumed. Employees and employers alike are bracing for how the current economic landscape will impact the workforce.
The Fed should not commit to further interest rate cuts until it is clear whether the Trump administration's tariff policies lead to persistent inflation or a less serious, one-time adjustment in prices,
A group of small businesses urged the US trade court to block President Donald Trump’s “Liberation Day” global tariffs during a court hearing that could have a major impact on the Republican’s economic agenda.