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Ripple Effect of Tariff Uncertainty on the Global Economy
The uncertainty surrounding potential U.S. tariffs is already exerting significant pressure on the global economy, according ...
How will proposed increase of tariffs affect costs for consumers?
President-elect Donald Trump plans to increase tariffs on international goods like clothing and electronics. The ABC7 I-Team is finding out what this could mean for consumers' budgets and why they may ...
How are major US retailers reacting to proposed tariffs? How will consumers be affected?
Consumers ultimately will pay for any tariffs that are put in place, said Darpan Seth, CEO of Nextuple, which helps build and ...
What exactly are tariffs and how do they work?
A tariff is a "type of tax levied by a country on an imported good at the border," said Investopedia. Technically, there are two types of tariffs: a specific tariff, "levied as a fixed fee based on ...
US Tariffs Unlikely To Have 'Significant' Inflation Impact: Fed Official
The effect of new tariffs under consideration by US President-elect Donald Trump is unlikely to be "significant or persistent," a senior Federal Reserve official said Wednesday.