These products could see price hikes under Trump's new tariffs
Consumers are likely to face higher costs for some imported goods, experts say. Here's the potential impact on your wallet.
Target, Best Buy Warn US Consumers of Tariff Price Hikes
Target Chief Executive Brian Cornell said its shoppers would likely see price hikes in its stores "over the next couple of days."
US tariff hikes could drive inflation higher in 2025 – Cardoso
Cardoso noted that while the International Monetary Fund (IMF) has maintained its global growth projections at 3.3 per cent for 2025 and 2026, emerging risks such as geopolitical tensions, supply chain disruptions, and trade restrictions pose significant threats to price stability.
The everyday items that could see price hikes in the UK due to Trump’s tariffs
Trump’s new tariffs are taxes charged on goods imported from other countries and are paid by companies which bring the foreign goods into the country.
US tariffs on Canada and Mexico will go ahead, Trump says
Tariffs are taxes charged on goods imported from other countries. Most tariffs are set as a percentage of the value of the goods, and it's generally the importer who pays them. So, a 10% tariff means a product imported to the US from China worth $4 would face an additional $0.
Trump's new tariffs could hike car prices by $12,000, report says
Here's how new tariffs on Canada, Mexico and China could impact car prices for consumers, according to a new analysis.
Trump tariffs will raise gasoline and electricity prices in the U.S., Canada energy minister says
Canadian Energy Minister Jonathan Wilkinson said tariffs are a "lose, lose proposition" for the U.S. and Canada.
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US Treasury Secretary 'not worried about China', says they will 'eat any tariffs'
Scott Bessent had also said that inflation and higher interest rates are unlikely to occur despite the tariffs.
Inflation is easing, but another alarm bell is ringing about the US economy
The Federal Reserve’s preferred inflation gauge cooled as expected in January; however, the good news came with another ...
Trump says ‘no room left’ to avoid massive tax hikes on Canadian and Mexican imports
Trump has said he thinks foreign countries pay the import taxes, which are actually borne by American importers and consumers ...
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Inflation Runs Hot At 3% In Year To January
Headline US inflation fell to 3.2% in the year to October 2023 from 3.7% a month earlier, reducing the likelihood of an interest rate hike by the Federal Reserve at its final meeting of the year ...
US business activity stalling, consumers' inflation expectations surge
U.S. business activity nearly stalled in February amid mounting fears over tariffs on imports and deep cuts in federal ...
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US tariff hike on vehicle imports could impact Nigeria's auto market
But if the cars are being imported to U.S, then exported to us, the inflation rate will be unbearable for car dealers like me." Importers aren't the only ones affected. Vehicle prices in Nigeria ...
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US inflation rises to 3% in January
US inflation increased by more than expected last month. Higher egg and energy prices helped to push up the cost of living ...
Target posts strong Q4 profits and sales, but warns of cautious spending as tariffs take hold
Sales and profits slipped for Target during the crucial holiday quarter as customers held back on spending, and the company ...