Trump’s Tariffs & Inflation: Why Prices Haven’t Spiked Yet (2024 Update). Economists and businesses have long warned that President Trump’s tariffs would lead to higher consumer prices, but recent inflation data tells a different story. Despite expectations, May’s inflation report remained subdued, raising questions: When will tariffs impact prices—and why hasn’t it happened yet? Key…
Under the Trump Administration, a new policy has been introduced to address long-standing trade imbalances. President Donald Trump emphasized that if products are not made in America, they will be subject to tariffs—sometimes significantly high ones. This move comes as a response to decades of unfair trade practices by other nations. For years, countries like…
On Tuesday, local time, US President Donald Trump officially announced the imposition of new tariffs on imported goods from Mexico and Canada. According to Trump, these tariffs aim to pressure the two neighboring nations to intensify their efforts in combating fentanyl trafficking and curbing illegal immigration into the United States. Additionally, the President emphasized his…