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CNN Business/Consumer

Economists expected that inflation would slow to 2.6% annually

US inflation cooled to a six-month low in March, but tariff pressures are quickly mounting

By Alicia Wallace, CNN (CNN) — Inflation slowed sharply in March, new data showed Thursday, underscoring the continued strength and resilience of the economy ahead of President Trump’s aggressive trade moves. In any other timeline, such news would stoke optimism that Americans’ cost of living is no longer surging. However, the latest reading of the

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The next round of Trump’s tariffs could hurt even more. Here’s what to expect

By Alicia Wallace, CNN (CNN) — “Liberation Day” came and went, with President Donald Trump’s sweeping new tariffs battering markets, unsettling the global order, and prompting businesses and households to reconsider their spending. And it’s far from over. There’s the immediate aftermath: Trump’s actions, based on economically questionable math, have triggered retaliatory tariffs, stoked trade

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A customer shops at a Costco store in Teterboro

Here’s which grocery store items will get more expensive because of tariffs

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump, during his announcement last week of sweeping tariffs on countries around the world, called groceries an “old-fashioned” and “beautiful term.” But his policies will make America’s groceries more expensive today, supermarket executives and food industry experts say. Supermarkets sell imported items in every section

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China vows ‘resolute and effective measures’ after Trump’s 104% tariffs take effect

By Nectar Gan, CNN Hong Kong (CNN) — China has promised to take “resolute and effective measures” to safeguard its rights and interests after US President Donald Trump’s 104% tariffs on Chinese imports took effect on Wednesday. “The United States is still imposing arbitrary tariffs on China and relentlessly applying extreme pressure. China firmly opposes

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US Trade Representative Jamieson Greer testifies during his confirmation hearing before the Senate Finance Committee on February 6.

US trade official defends Trump’s tariffs, says almost 50 countries approached him to ‘explore how to achieve reciprocity’

By Phil Mattingly and Bryan Mena, CNN (CNN) –– President Donald Trump’s US Trade Representative Jamieson Greer on Tuesday defended the administration’s expansive tariffs during a routine hearing before the Senate Finance Committee. “Last Wednesday, President Trump declared a national emergency in response to the large and persistent trade deficit that has built up in

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