9 h. ago US inflation rose in June as Trump’s tariffs start to show in prices

Inflation remains far below the peaks seen three years ago, when price increases reached as high as 9%Inflation accelerated in June as the impacts of Donald Trump’s tariffs slowly started to show in US prices.Business leaders have said for months that the high, volatile rates of Trump’s tariffs will force companies to raise consumer prices. Prices remained stable in the spring, particularly as many of Trump’s highest tariffs were paused; however, they started increasing in May and have continued to rise in June. Continue reading...

Economics

4 d. ago Voices: The economy has shrunk yet again – but it’s not all doom and gloom...

The hangover from Trump’s tariffs at the start of the year is proving tougher to shake than expected, writes James Moore – but there is a slight silver lining

Economics

7 d. ago Talks to finalise US steel tariff exemption ongoing as deadline due to pass

President Donald Trump has said he plans to start implementing tariffs on the US’s trade partners on July 9.

Events

8 d. ago Trump plans to delay tariff start to August 1 as he announces 25% levy for Japan and South Korea

Bizarre letters cite ‘unsustainable’ trade deficits with two of America’s most important allies and trading partners

Politics

8 d. ago ‘Discussions continue’ over US steel tariffs deal ahead of deadline, says No 10

US president Donald Trump has said he plans to start implementing tariffs on the US’s trade partners on July 9.

Economics

1 week ago Trump says US to start sending tariff rates letters to trading partners

Letters to be sent to countries without a deal in place before end of 90-day pause on 9 JulyBusiness live – latest updatesDonald Trump has said the US will start sending letters to trading partners setting out tariff rates that countries will have to pay from the beginning of next month.The US president told the media that about “10 or 12” letters would be sent out on Friday, with further letters sent out over the “next few days”. Continue reading...

Politics

3 w. ago Supermarket essentials including butter, chocolate and meat continue to surge in price

Food price inflation rose to 4.7% in the four weeks to 15 June - the highest level since March - with some of the steepest increases hitting staple items

Economics