Trump, Inflation and Tariffs
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Federal Reserve Chair Jerome Powell, who Trump recently said he’s considering firing, has a 37% approval rating, beneath the lowest approval ratings for the previous three federal reserve chairs, but above his 36% average approval rating in 2023, Gallup found.
Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement
On the eve of his budget presentation, Gov. Gavin Newsom sought to blame President Trump's tariff policy for reducing California state revenues.
The plaintiffs, a group of small businesses who claim that Trump’s tariffs are illegal and will decimate their businesses, are represented by the Liberty Justice Center, a libertarian public interest litigation firm.
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The Trump administration has made moves to ease tariff tensions with China, but the situation remains uncertain in the longterm.
CANNES, France (Reuters) -Juliette Binoche, head of this year's Cannes Film Festival jury, said on Tuesday U.S. President Donald Trump's threat to impose 100% tariffs on films made abroad, among his other policy decisions, was also about saving his reputation.
The case argues that Trump lacks authority under the International Emergency Economic Powers Act to impose the tariffs he announced on April 2 on nearly all U.S. trading partners.
Trump’s tariffs could quietly raise your summer travel costs. Here’s how airfare, hotels, and food might hit your wallet harder than expected.