Trump, Russia and Ukraine
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Egg prices cooled significantly in June, deviating from an overall rise in prices. The price of eggs climbed 27% over the year ending in June, which marked a slowdown from 41% year-over-year growth in May. Under Trump, inflation has defied doomsday predictions and helped to propel sturdy economic performance.
U.S. President Donald Trump said he would introduce "tariffs at about 100%" on Russia's trade partners if the Kremlin doesn't reach a peace deal with Ukraine.
President Trump has taken an unconventional approach to trade negotiations by sending form letters to foreign leaders.
President Donald Trump expanded his tariff threats over the weekend, calling for 30% levies on two of America’s largest trading partners: the European Union and Mexico.
National Economic Council Director Kevin Hassett, a top economic advisor to Trump, on Monday rebuked concerns about tariff-related inflation. The Fed, Hassett told CNBC, has been "very, very wrong" in its assessment of a potential resurgence of price increases.
Wall Street is pointing lower before the opening bell with new tariffs announced for Europe and Mexico and as the unofficial start of earnings season get under way this week.
U.S. President Donald Trump's threat of a 50% tariff on copper imports is raising alarm in the U.S. auto sector, as it could make it even harder for carmakers and suppliers to absorb border taxes and rising costs,
The EU is America’s biggest business partner and the world’s largest trading bloc. The US decision will have repercussions for governments, companies, and consumers on both sides of the Atlantic.