Trump, Europe and tariffs
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Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large
National Economic Council Director Kevin Hassett, a top economic advisor to Trump, on Monday rebuked concerns about tariff-related inflation. The Fed, Hassett told CNBC, has been "very, very wrong" in its assessment of a potential resurgence of price increases.
President Trump said Russia must make a peace deal with Ukraine within 50 days or he'll impose 100% tariffs on countries that buy oil and gas from them. CBS News' Ed O'Keefe has the latest.
The US is imposing a 17% tariff on most tomatoes imported from Mexico with immediate effect, the government said. The duty came into force after the US withdrew from a long-standing agreement with its southern neighbour, arguing that the deal "had failed to protect US tomato growers from unfairly priced Mexican imports".
As President Trump ramps up the pressure on dozens of countries, trade experts fear U.S. tariff policy leaves consumers and businesses in limbo.
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President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August. Trump on Thursday announced a 35% tariff on Canadian goods.
President Trump has taken an unconventional approach to trade negotiations by sending form letters to foreign leaders.
Latest news and live updates as Trump announces the U.S. will send Patriot missiles to Ukraine and meets with NATO's secretary general.