Tariffs on China are set to begin on Tuesday, and Trump has signaled he will impose duties on other trading partners as well. "The kind of broad-based tariffs that were announced over the weekend, one would expect to have an impact on prices," Boston Fed President Susan Collins said in an interview with CNBC, adding that "with broad-based tariffs, you actually would not only see increases in prices of final goods, but also a number of intermediate goods." Little modern experience on how mega-tariffs impact the economy makes it hard for the Fed to know exactly how big or long-lasting the effects will be, she said, noting that it is possible the Fed could even shrug off a one-time increase in inflation tied to the tariffs.
‘Rich Dad Poor Dad’ author says Bitcoin is on sale: ‘Time to get richer’
Robert Kiyosaki calls Bitcoin’s price drop a buying opportunity, saying “crashes mean assets are on sale” amid Trump’s new tariffs.
Will Tariffs Keep the Federal Reserve From Cutting Interest Rates This Year?
Like everyone else, Federal Reserve officials are watching and waiting to see what tariffs Donald Trump will impose and how they will affect the economy.
Auto stocks slide after Trump fires first salvo in trade battle
Share prices for car makers including Toyota, Nissan, Honda and Volkswagen fell after Donald Trump announced tariffs on Canada, Mexico, and China.
Homebuilder Stocks Sink on Worries Trump Tariffs Could Raise Costs
Shares of homebuilders and construction companies lost ground Monday on worries that new tariffs could raise building costs.
Trump Tariff Plan Risks Upending Trade, Stoking Food Inflation
(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityState Farm Seeks Emergency California Rate Hike After LA FiresWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHistoric London Elevator Faces Last Stop in Labour’s Housing PushPresident Donald Trump’s plans to impose tariffs on some of the US’s larges
Strong US Dollar May Worsen $54 Billion Exodus From Emerging Asia Stocks
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Goolsbee says Trump policies could slow Fed’s rate cutting
(Bloomberg) -- Federal Reserve Bank of Chicago President Austan Goolsbee said the central bank should proceed more cautiously in lowering borrowing costs amid mounting uncertainty introduced by the Trump administration.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityState Farm Seeks Emergency California Rate Hike After LA FiresWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHistoric L
Markets in turmoil as Trump kicks off his trade war
Stocks in the US dropped Monday morning, following European and Asian markets lower as investors digested Trump's tariff announcements.
Mexico’s BBB Founder, Other Holders to Sell Stock After 78% Jump
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