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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.
Explícame on MSN1d
CBO and Fed say Trump's tariffs slow growth and push up pricesFederal reports from the CBO and Fed show Trump’s tariffs are hurting economic growth and raising consumer prices, ...
President Trump and Chinese leader Xi Jinping spoke on Thursday, and both countries pledged to restart tariff and trade talks ...
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.
1don MSNOpinion
President Donald Trump may feel justified in pushing his luck for a negotiation strategy, but doubling steel and aluminum ...
The CBO analysis says Trump's tariffs over the next decade would reduce deficits by $2.8 trillion while also curbing economic ...
It does not include the doubled 50% tariff rate on steel and aluminum that went ... The letter also said that tariffs will increase inflation "by an annual average of 0.4 percentage points in ...
Lansing State Journal on MSN12d
Tariffs, inflation worries loom. Lansing developments churning along for nowBuilding costs rose in the first quarter of 2025 by more than any four-month period in 2024, one cost index found.
Inflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, helping clear the way for more ...
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.
The 50% steel and aluminum tariffs could lead to higher prices on everything from cars to home and office supplies.
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