It’s a view held by most economists since long before President Trump entered the White House. Prices rose when Mr. Trump imposed levies on China in his first term, though that did not translate to noticeably higher inflation overall.

Former Treasury Secretary Janet Yellen predicts President Donald Trump’s tariffs will cause prices to rise and average household income to fall, despite a slowing trend in the U.S. inflation rate.“I would expect inflation,

Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.

A federal appeals court ruled Trump can continue to collect tariffs while businesses and states try to overturn taxes on foreign imports.

The fate of President Donald Trump’s trade war lies in the hands of the courts as a legal battle plays out over his use of emergency powers to impose tariffs.

The bevy of levies imposed by President Donald Trump on nearly every nation on Earth was given the green light to stay in place through July Tuesday by the U.S. Court of Appeals for the Federal Circuit.