Donald Trump, tariff
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CNET on MSNCNET Daily Tariff Price Tracker: I'm Watching 11 Key Products for Changes, Here's What's HappenedThe deadline for the start of Trump's heaviest tariffs has been delayed until next month, leaving consumers stuck with more uncertainty over prices.
Inflation has eased since Trump took office, meaning prices have risen at a slower pace than they had been at the end of the Biden administration. Consumer prices increased 2.4% in May compared to a year earlier, hovering near the lowest inflation since 2021.
President Donald Trump has again delayed a tariff deadline. His back and forth on the policy spurred TACO accusations. What does it mean?
That all came after Trump's plans hit their biggest roadblock yet in court, when late last month the US Court of International Trade ruled that Trump had overstepped his authority when he imposed tariffs. This ruling was eventually stayed but the fight is likely to see a final ruling from the Supreme Court.
Donald Trump made a direct link between the tariffs and politics, saying he was making the change “due in part to Brazil’s insidious attacks on Free Elections."
The Trump administration's tariffs on imported cars and vehicle parts so far haven't led to frenzied buying or major price increase — yet.
The decision came just days before the prior July 9 deadline when many of Trump’s original "Liberation Day" tariffs were to take hold. Trump also began sending out letters to select trading partners, including Japan and South Korea, which he said will face 25% levies if they don’t reach agreements with the United States by Aug. 1.
President Trump said Wednesday he would impose a 50% tariff on goods from Brazil next month, citing the criminal prosecution of former Brazilian President Jair Bolsonaro, which Mr. Trump called an "international disgrace.