Inflation, tariff
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Recent inflation data point to continued progress toward meeting the U.S. Federal Reserve's 2% inflation goal, but the outlook is now uncertain due to the possibility new import taxes will drive prices higher,
Even so, a rollback of some levies since "Liberation Day" may reduce the impact on inflation. Trump paused a large swath of so-called "reciprocal tariffs" within days of the announcement. On Monday, Trump temporarily slashed tariffs on China from 145% to 30%.
Peter Schiff has warned that without the implementation of high tariffs, the only path to reduce trade deficit is through dollar decline.
Smartphone shipments to the U.S. surged 30% in March as manufacturers Apple , Samsung and Motorola rushed to bring more devices into the country in anticipation of steep import tariffs, Counterpoint Research said on Wednesday.
The price hike threat from tariffs is receding while housing indicators pointing to a cooling in shelter costs