Latest in Trump tariffs expected to raise consumer prices
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Mike Pence expected to attend Trump's inauguration
Saturday's events will include a reception for the president-elect and fireworks, according to Trump's inaugural committee's events schedule.NBC News - Jan. 18 -
US consumers ‘resilient’ in face of high prices and interest rates
Credit card data points to ‘robust’ growth at start of 2025 after shoppers spent $1tn during holiday seasonFinancial Times - Jan. 18 -
Why these foreign leaders' invites to Trump inauguration are raising eyebrows
A high-ranking Chinese Communist Party official is set to attend President-elect Donald Trump's inauguration as a special representative of Chinese President Xi Jinping — a highly unusual charm ...CBS News - Jan. 17 -
Louisiana governor says he'll raise MAGA flag for Trump inauguration
Louisiana Gov. Jeff Landry (R) said he will fully raise the Make American Great Again (MAGA) flag at the governor’s mansion for President-elect Trump's inauguration next week and invited ...The Hill - Jan. 17 -
FTC sues PepsiCo, alleging price discrimination is raising costs for consumers
The Federal Trade Commission is suing PepsiCo for alleged price discrimination in the final days of the Biden administration.CNBC - Jan. 17 -
UK to raise price of travel permits for EU visitors by 60%
Increase aims to reduce reliance of migration and borders system on taxpayer funding, says Home OfficeFinancial Times - Jan. 17 -
The BRICS bloc is growing — and Trump's tariff threat isn't expected to put off aspiring members
Despite the threat of a trade war with the U.S., economists and analysts tell CNBC that this will not stop BRICS from expanding.CNBC - Jan. 17 -
Microsoft raises price of consumer version of Microsoft 365 for first time in 12 years
In a blog post Thursday, Microsoft said it's increasing the price of its Microsoft 365 bundle for consumers by $3 a month.CNBC - Jan. 16 -
Canada sends Trump 'message' with retaliatory tariff talk
Canada must send a “message” to President-elect Trump on tariffs, one of the country's provincial leaders said Wednesday alongside Prime Minister Justin Trudeau, who described the threatened levies ...The Hill - Jan. 16 -
Trump Treasury secretary nominee won’t support raising minimum wage
Scott Bessent, President-elect Trump’s Treasury secretary nominee, said Thursday that he would not support raising the minimum wage. Bessent, if confirmed, would not have the authority to raise ...The Hill - Jan. 16 -
Trump Treasury Pick Scott Bessent Defends Plans to Cut Taxes and Raise Tariffs
Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.The New York Times - Jan. 16 -
UPS could help end the ‘freight recession’ this year. It may have to raise prices first.
Analysts say deregulation, lower taxes under Trump could spur small-business investments and more shipments — but tariffs could weigh down volumes.MarketWatch - Jan. 16 -
Newsom joins red states in raising flags for Trump inauguration
California Gov. Gavin Newsom (D) will raise American flags at the California Capitol on Monday for a limited time during President-elect Trump’s inauguration, according to his office. The decision ...The Hill - Jan. 16 -
Consumer price growth rose in December, a sign Trump will inherit stubborn inflation as he takes office
Consumer price growth ticked up in December, a sign President-elect Donald Trump will inherit the inflation issues that dogged the Biden administration as he re-takes the White House next week.NBC News - Jan. 15 -
Is the recent uptick in inflation cresting? Wholesale prices posts smaller-than expected increase.
Wholesale prices in the U.S. rose modestly in December in a reprieve from a string of elevated inflation in the final months of 2024 that have likely put off any further reductions soon in interest ...MarketWatch - Jan. 14 -
Texas governor orders state's flags raised to full-staff for Trump's inauguration
Texas Gov. Greg Abbott (R) on Monday ordered the state's flags be raised to full-staff on Inauguration Day, as President-elect Trump enters his second term in the White House. The move disrupts the ...The Hill - Jan. 13 -
Canada’s Trudeau Cautions U.S. Consumers to Consider Harms of Trump’s Tariff Threats
Dismissing the president’s bluster about a 51st state, the departing leader urged Americans to think about the impact of high prices that will accompany new import taxes.Inc. - Jan. 13 -
Trump, Putin call expected soon, Waltz says
President-elect Trump and Russian President Vladimir Putin are expected to have a phone call in the coming days or weeks, Trump’s incoming national security adviser, Rep. Mike Waltz (R-Fla.), said ...The Hill - Jan. 13 -
China's imports post surprise growth in December; exports beat expectations as higher tariffs loom
Economists are expecting exports to make a notable boost to China's economic growth last year when the figures are released later this week.CNBC - Jan. 13 -
House GOP lawmakers raised alternative debt limit plays in huddle with Trump
President-elect Trump and House Republicans in favor of raising the state and local tax (SALT) deduction cap discussed lifting the debt limit in legislative vehicles other than the "big, beautiful ...The Hill - Jan. 12 -
Trump’s return raises prospect of global tax war
Plans to levy higher rates on US multinationals could spur president-elect to respond with tariffsFinancial Times - Jan. 12 -
Poland backs Trump on raising Nato spending to 5% of GDP
Warsaw is closest to reaching new target, but laggards will take ‘decade’, says Polish defence ministerFinancial Times - Jan. 12 -
Why Trump’s tariffs may bring worse-than-expected price hikes to consumer electronics
As CES winds down in Las Vegas, one cloud hanging over the desert not often mentioned in all the coverage of newly unveiled gadgets was a prediction by the show’s host of how much prices for ...MarketWatch - Jan. 11 -
Consumer expectations for higher inflation soar in early January
Americans’ expectations for overall inflation over the next year jumped to 3.3% in January from 2.8% in the prior month, according to the University of Michigan’s gauge of consumer sentiment.MarketWatch - Jan. 10 -
Trump's IRS pick raises concerns about qualifications, Sen. Warren says
The background of Billy Long, an ex-congressman and auctioneer, raises questions about his qualifications, Sen. Warren says.CBS News - Jan. 9 -
Trump's inaugural committee has already raised a record $170M in donations
President-elect Donald Trump has raised more than $170 million for his upcoming inauguration, a record amount as tech executives and big donors have eagerly written large checksABC News - Jan. 9 -
Trump will struggle to drive down oil prices
Energy production in the US will rise but more of the output will be gassyFinancial Times - Jan. 9 -
Chinese consumer prices barely rise as deflationary pressure weighs
Beijing has struggled to stimulate domestic demand in economyFinancial Times - Jan. 9 -
Used vehicle prices expected to continue to stabilize in 2025 after pandemic volatility
Used vehicle prices are expected to continue to stabilize in 2025 after swinging wildly for several years before starting to calm down in 2024.NBC News - Jan. 8 -
Used vehicle prices expected to continue to stabilize in 2025 after pandemic volatility
Cox Automotive expects wholesale prices on its Manheim Used Vehicle Value Index will end this year 1.4% higher than in December 2024.CNBC - Jan. 8 -
Trump Raises Using Military or Economic Force to Take Greenland and the Panama Canal
In an hourlong news conference at his Florida club, Mar-a-Lago, the president-elect delivered a hodgepodge of grievances, complaints and false claims.The New York Times - Jan. 8 -
Services index shows big jump in prices for December as companies fear tariffs
The ISM services survey's prices index jumped to 64.4%, an increase of 6.2 points or more than 10%.CNBC - Jan. 7 -
Consumers could face price rises of 20% in 2025, trade experts warn
Global instability and possibility of Trump administration imposing tariffs may disrupt flow of goods . The price of household staples including food and drink could climb by as much as 20% in 2025 ...The Guardian - Jan. 7 -
‘Inflation levels seem to be increasing’: Businesses are worried about tariffs and rising prices.
The holiday shopping season gave a boost to service-oriented companies in December, but top executives were wary of potential Trump tariffs and a recent uptick in inflation.MarketWatch - Jan. 7 -
Trump cites tariffs in call to merge Canada, US
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump proposes 'merged' US, Canada President-elect Trump on Monday raised the ...The Hill - Jan. 6 -
Trump: Washington Post report on tariff policy 'wrong'
President-elect Trump is denying a report in The Washington Post that outlines how his top aides are exploring a tariff plan that would only cover critical imports. The Post report cites three ...The Hill - Jan. 6 -
Trump reportedly considering important alteration to tariff plans
President-elect Donald Trump is considering a plan that still would apply tariffs to all nations but narrow the impact.CNBC - Jan. 6 -
Firms to raise prices due to tax and wage increases
Consumers could face higher costs in the coming months amid falling confidence among UK businesses.BBC News - Jan. 6