US consumer prices experienced their largest increase in five months, indicating that tariffs may be beginning to affect

U.S. producer prices were unexpectedly unchanged in June as a tariff-driven increase in the cost of goods such as communication and related equipment was offset by softening demand for travel services.

Bizarre letters cite ‘unsustainable’ trade deficits with two of America’s most important allies and trading partners

Trump last week announced higher duties would come into effect on August 1 for imports from a range of countries, including Mexico, Japan, Canada and Brazil, and the European Union

The economy’s resilience so far to President Trump’s global trade war risks emboldening him and unleashing the sort of economic devastation that economists have long feared.

The Consumer Price Index reveals prices grew faster in June than in May. The annual inflation rate ticked up to 2.7%, the highest level since February. With new tariffs set for August, economists warn prices could go up more.

U.S. President Donald Trump said Tuesday he is likely to impose tariffs on pharmaceuticals as soon as the end of the month, with levies on semiconductors potentially following a similar timeline. “Probably at the end of the month,