Prices in the US are going up. In June, the cost of living rose by 0. 3%, making the yearly increase hit 2. 7%. This is the highest it's been in four months. Experts expected this rise, especially because gas prices went up. But it's not just gas. Other goods are getting more expensive too, thanks to tariffs. Tariffs are taxes on imports. President Trump has been pu...
The U. S. has slapped a 17% tax on fresh tomatoes from Mexico. This move is meant to protect American tomato farmers. But it might make tomatoes more expensive for everyone else. Mexico sends a lot of tomatoes to the U. S. About 70% of tomatoes in the U. S. come from Mexico. That's a big jump from 20 years ago, when Mexico only supplied 30%. Some people say this tax...
Coffee lovers in the US might soon pay more for their favorite brew. Why? Because of a big change in trade rules. The US president recently said they will add a huge tax, or tariff, on coffee from Brazil. This news made coffee prices jump right away. Brazil is the biggest coffee maker in the world. So, when the US said they would add a 50% tax on Brazilian coffee, i...
In a surprising move, President Donald Trump hinted at a massive 200% tariff on imported pharmaceuticals. This announcement came during a cabinet meeting, catching many off guard. The president mentioned that these tariffs could be implemented soon but gave a grace period of about a year and a half. However, he didn't provide specific details, leaving everyone in sus...
GE Appliances is making a big change. They are moving jobs from China to the U. S. This is a huge deal. It means 800 new jobs for Americans. The company is investing a lot of money, $490 million, to build a new plant in Kentucky. Why is GE doing this? Trade policies and tariffs are big reasons. Tariffs are like extra taxes on things brought in from other countries. ...
The world economy is in for a rough patch. The World Bank has warned that growth is set to slow down significantly. This is mainly due to the ongoing trade disputes sparked by the U. S. government. The situation is so tense that it might lead to the slowest economic growth since the 1960s. The World Bank's report highlights that while a full-blown recession isn't...
The stock market took a dip on Thursday, with major indexes showing declines. The Dow Jones Industrial Average fell by 0. 3%, while the S&P 500 and Nasdaq Composite dropped by 0. 5% and 0. 8%, respectively. This downturn came after a few days of gains, which were modest due to ongoing uncertainty about trade policies. The market had been recovering from early April l...
It is no secret that trade policies can have a significant impact on the cost of goods. The recent shifts in trade policies have led to a wave of price increases across various retail sectors. This has put many retailers in a tough spot. They must balance the need to protect their profits with the risk of losing customers who might not be willing to pay more. Man...
The European Union and Canada are not happy with a recent move by the United States. The U. S. has decided to double the tariffs on steel imports from 25% to 50%. This decision is causing a lot of uncertainty in the global economy. It also means higher costs for both consumers and businesses on both sides of the Atlantic. The U. S. made this announcement at a rally ...
The mood among U. S. shoppers has taken a hit. A recent survey showed that people are getting more anxious about prices going up. This is mainly because of new taxes on imported goods, known as tariffs. The survey, done by a well-known university, found that the feeling of confidence among consumers has dropped to one of the lowest points ever recorded. T...