Tariffs of up to 50% on countries with large U.S. trade deficits are linked to price increases for goods like vehicles, furniture, toys and food. Although the Consumer Price Index rose 2.7% over the past year, future inflation is expected as businesses ...

Donald Trump has introduced tariffs on goods coming into the US from most countries around the world. The US president argues that the taxes will boost domestic manufacturing and create jobs. However, critics have warned of higher prices for consumers and ...