US Tariffs: ‘Ridiculous’ Policy, Warns Top Researcher
PIIE’s Gary Hufbauer calls US tariffs “a completely ridiculous economic policy,” warning of inflation hitting everyday Americans by late this year.
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PIIE’s Gary Hufbauer calls US tariffs “a completely ridiculous economic policy,” warning of inflation hitting everyday Americans by late this year.
Key U.S. trade partners may face steep tariffs on Aug 1 if a deal with Trump isn’t reached, sparking inflation fears.
The US Fed report paints a pessimistic picture as rising tariffs push up costs, fueling uncertainties across industries.
US GDP dipped by 0.5% in Q1 2025 due to rising imports, inflation, and geopolitical risks, challenging the nation’s economic resilience.
A USDA report reveals nearly 50M US households face food insecurity due to inflation and cuts, urging urgent action.
Economist Kenneth Rogoff warns that high U.S. debt and gridlock could trigger an inflation crisis in the coming decade.
US higher tariffs could drive up inflation by boosting production costs and everyday prices, warns expert Zhou Jianjun.
U.S. stocks dipped amid soft inflation data and progress in U.S.-Chinese mainland trade talks, with tech shares taking notable hits.
China’s consumer price index fell by 0.1% in May, hinting at easing inflation and a balancing economic landscape.
Eurozone inflation fell to 1.9% in May, the lowest since September 2024, driven by a slowdown in services prices that surprised many analysts.