President Donald Trump signed an executive order Thursday that would have new tariffs on a wide swath of U.S. trading partners to go into effect in seven days — the next step in his trade agenda that will test the global economy and alliances.

The United States will impose a 50% tariff on copper pipes and wiring, President Donald Trump said on Wednesday, but details of the levy fell short of the sweeping restrictions expected and left out copper input materials such as ores,

A bubbling movement to overhaul the Fed is ready to seize the moment. Big changes are in store for the central bank.

The central bank this week kept interest rates steady for a fifth-straight meeting, prompting the first double dissent from members of the powerful Board of Governors since 1993.

The Fed kept rates at 4.25% to 4.5% despite President Donald Trump’s push for cuts and rising inflation from tariffs.

The government’s measure of gas prices jumped 0.9% from May to June, while grocery costs rose 0.3%. Many longer-lasting goods that are heavily imported saw clear price increases, with furniture prices up 1.3% just last month, appliances up 1.9%, and computers up 1.4%.

While the reality of tariff-driven inflation is arriving in earnest, the worst of it might still be a ways off.

A key U.S. inflation gauge rose last month, in a sign that President Donald Trump’s broad-based tariffs are starting to lift prices for many goods