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Trump’s Trade War Drives Prices Higher
Published 8 months, 2 weeks ago
Description
New federal data shows producer prices rose 0.9% in July, the largest gain in more than a year. The increases come as President Donald Trump’s trade tariffs remain in place and expand. While the administration highlights tariff revenue, advocates warn the costs are hitting consumers through higher grocery and household prices. The Federal Reserve faces growing pressure as families struggle with climbing costs.
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