Trump's Tariffs Shock India
Digest more
Black beauty businesses are bearing brunt of Trump's tariffs
Digest more
Federal Reserve officials worried at their July meeting about the state of the labor market and inflation, though most agreed that it was too soon to lower interest rates, minutes released Wednesday showed.
Trump's tariffs have companies scrambling as they navigate cost increases. Here are the companies that have talked about hiking prices.
The minutes of the rate-setting Federal Open Market Committee, published on Wednesday, showed that “some [members] noted that it would not be feasible or appropriate to wait for complete clarity on the tariffs’ effects on inflation before adjusting the stance of monetary policy”.
Sony joins Microsoft and Nintendo in raising gaming console prices following President Donald Trump’s tariffs on China.
The new tariffs, which took effect Monday, expand the scope of the levies President Donald Trump previously announced on the valuable commodities.
WASHINGTON (Reuters) -The U.S. Commerce Department said on Tuesday it is hiking steel and aluminum tariffs on more than 400 products including wind turbines, mobile cranes, appliances, bulldozers and other heavy equipment, along with railcars, motorcycles, marine engines, furniture and hundreds of other products.
The written account of the Federal Reserve's July meeting, released on Wednesday with a customary three-week lag, suggested officials were divided over when they could be confident that higher import costs wouldn’t lead to a period of broader,
Treasury Secretary Scott Bessent on Tuesday threw cold water on the idea that Americans could soon receive tariff rebate checks.
India's Epsilon Advanced Materials is moving swiftly to close deals to supply critical components to Japanese and South Korean battery makers in the U.S., a top executive said, after Washington imposed anti-dumping duties on Chinese imports.
Brazilian President Luiz Inácio Lula da Silva's government launched the Sovereign Brazil Plan, a $5.5 billion emergency package to help counter U.S. tariffs.
Until now, America’s largest home improvement retailer has limited what it has said about the impact of tariffs on its prices. But after reporting quarterly results Tuesday, CFO Richard McPhail said Home Depot would have to implement some price increases as a result of the Trump administration’s taxes on imports.