· 15m · on MSN
US tariffs on Mexico, Canada and China take effect, opening door to painful trade war
· 2h · on MSN
Trade war and inflation: How Trump's tariffs on China, Canada and Mexico will ripple US economy
· 5h · on MSN
Trump’s long-threatened tariffs against Canada and Mexico are now in effect, kicking off trade war
Trump officials remain on course to hit Canada and Mexico with 25% tariffs on March 4, with a wave of other levies ready to roll.
President Donald Trump's tariffs imposed overnight on Canada, Mexico and China will be enough to push PCE inflation back toward 3% in the second half of this year, Capital Economics' Paul Ashworth said in a note.
As the clock ticks down toward Tuesday's proposed tariffs on Canada and Mexico, inflation traders prepared for a short-term shock to the annual headline rate from the consumer-price index over the second half of this year.
St. Louis Fed president Alberto Musalem said Monday that he is closely watching longer-term inflation expectations and downside risks to growth as he argues for maintaining a 'patient approach' to monetary policy.
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