
US Tariffs Backfire: Rising Costs & Inflation Hit Consumers Hard
US tariffs trigger rising consumer costs and inflation fears, with data showing record egg prices and plummeting economic confidence.
News & Insights Across Asia
US tariffs trigger rising consumer costs and inflation fears, with data showing record egg prices and plummeting economic confidence.
Analysts warn Trump’s tariffs may raise costs for US consumers as China expands global trade ties with reduced import duties.
China’s inflation eased in February as CPI dropped 0.7% year-on-year, driven by seasonal factors and stabilizing policies.
New US tariffs on steel and aluminum are set to increase costs for businesses and raise prices for consumers, impacting the economy at large.
U.S. tariffs on steel and aluminum imports are set to drive up the prices of canned goods, impacting both consumers and industries such as beverage and brewing.