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'Our economy is likely going to suffer': Trump officially hikes tariffs on aluminum, steel to 50%
President Trump has officially hiked tariffs on aluminum and steel to 50% – despite growing warnings that his aggressive trade tactics could sharply curb U.S. growth and drive inflation higher. Charlotte Howard and Dan Nathan discuss on The 11th Hour.
How tariffs on steel and aluminum could show up on your grocery bill
President Trump campaigned on the promise that he would lower prices, including food prices. But his decision to double tariffs on steel and aluminum to 50% is likely to have the opposite effect, including when it comes to grocery bills.
President Trump and Chinese leader Xi Jinping spoke on Thursday, and both countries pledged to restart tariff and trade talks ...
The Congressional Budget Office released an analysis of the impact of President Trump’s tariffs. It projects current policies ...
The tariffs carry inflation risks at a moment when voters ... Of the roughly 29 million net tons of steel imported into the United States last year, a little under 2% came from China.
Nonpartisan Congressional Budget Office estimates that Trump's tariffs would shrink the economy and add to inflation while reducing the federal deficit by $2.8 trillion.
Tariff increases threaten the US economy and health care costs, impacting managed care affordability and member financial ...
Building costs rose in the first quarter of 2025 by more than any four-month period in 2024, one cost index found.
It does not include the doubled 50% tariff rate on steel and aluminum that went into ... CBO estimates that, on net, real (inflation-adjusted) economic output in the United States will fall ...
The Gulf state, which is reliant on the U.S. security umbrella, has pledged to invest $1.4 trillion in the U.S. over the next ...
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