consumer prices
Trump's Tariff Policies Cost Average American Households Nearly $1,200, Economic Report Reveals
Dec 11, 2025 11:36 pm CST
A new analysis by the Joint Economic Committee shows that sweeping import taxes under the Trump administration have resulted in approximately $1,200 in additional costs for the average American household. The report highlights the significant economic impact of tariff policies on consumer prices at a time when many families are already struggling with the high cost of living.
Trump Eliminates Tariffs on Beef, Coffee and Tropical Fruits Amid Rising Consumer Prices
Nov 15, 2025 06:52 am CST
President Trump has signed an executive order removing tariffs on beef, coffee and tropical fruits following framework agreements with several Latin American countries. The move aims to address consumer concerns about high grocery prices, particularly record beef costs, which have become a significant political issue following recent Democratic electoral victories.
US Eliminates Tariffs on Food Imports from Four Latin American Nations to Lower Consumer Prices
Nov 14, 2025 10:37 am CST
The United States has announced the removal of tariffs on select food imports from Argentina, Ecuador, Guatemala, and El Salvador through new framework agreements. These deals aim to reduce prices on products like coffee and bananas while expanding market access for American businesses. The Trump administration expects retailers to pass savings to consumers as part of a broader initiative to address cost-of-living concerns. Similar negotiations with other Latin American countries may yield additional agreements before year-end.
Federal Reserve's Interest Rate Cuts Amid Persistent Inflation: Economic Risks Under Trump Administration
Oct 12, 2025 07:55 pm CST
The Federal Reserve has begun cutting interest rates despite inflation remaining above its 2% target, while President Trump declares victory over inflation. Economists warn this approach carries significant risks if price increases persist, especially as tariffs continue impacting imported goods and consumer confidence. With inflation at 2.9% and everyday items like groceries continuing to rise, the disconnect between official statements and economic reality could threaten the Fed's credibility and further burden American consumers.
Trump Imposes 100% Tariffs on Foreign Films and Furniture to Boost US Manufacturing Industries
Sep 29, 2025 10:13 pm CST
President Trump announces significant tariff measures, including 100% tariffs on foreign-made films and substantial duties on imported furniture, aiming to revitalize US manufacturing sectors. These protectionist policies target industries where American jobs have declined significantly, with particular focus on Hollywood film production and furniture manufacturing in states like North Carolina.
From Ice Cream To Air-Conditioners: What Gets Cheaper In GST 2.0
Sep 22, 2025 08:52 am CST
The Goods and Services Tax (GST) system is undergoing a significant overhaul, with the new structure set to take effect on September 22.
Trump's Tariff On India To Do Little To Upset IPhone Manufacturing Plans
Jul 31, 2025 08:37 pm CST
President Donald Trump's 25% tariffs on Indian goods will do little to slow the role of the Asian country as a key hub for manufacturing iPhones, even when it means more expensive smartphones for US consumers, analysts and industry executives said.