Donald Trump plans new import tariffs from August 1. A study says this may hurt US manufacturers. Costs could rise by 2% to 4.5%. This may lead to wage stagnation or layoffs. Trump says tariffs will boost US manufacturing.

The Trump administration's tariff strategy aims to secure better trade deals, but experts warn of inevitable consumer price hikes. As tariffs on steel, aluminum, and other imports increase, the cost of essential goods is set to rise,

Outside economists say that high tariffs are still likely to raise prices for American consumers, dampen the Federal Reserve’s ability to lower interest rates and make the U.S. economy less efficient over time. Democrats say the middle class and poor will ultimately pay for the tariffs.

Trump, however, indicated that he could decrease tariffs on China as a bargaining chip for the sale of TikTok, which must divest from parent company Byte Dance and find a U.S.-based owner by April 5.

From drought-stricken farms to rising trade barriers, the global coffee industry is facing unprecedented strain.

A University of Minnesota economist clearly defines what businesses and consumers should expect from broad-based tariffs.

On April 2, 2025, President Donald Trump declared a 10 percent tariff on all imports, effective on April 5, with additional country-specific tariffs set to commence on April 9. The announcement ...