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President Trump boasted this week that his tariffs are raising "a fortune" for the U.S. government. Tariffs could also raise prices for the back-to-school and Christmas shopping seasons.
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The mixed-use project includes retail spaces, a boutique hotel, and an underground storage facility.
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Economists had cautioned that President Trump's tariffs would impact inflation.
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Consumer prices were up 2.7% from a year ago — a larger annual increase than the month before.
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In this season of Planet Money Summer School, our free economics course for your ears is tackling the biggest economic player of them all: the government.
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President Trump's tariffs are almost "tailor-made" to hit the goods that lower income households prefer to purchase, says economist Ernie Tedeschi of Yale's nonpartisan Budget Lab.
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In states without policies to drive renewable energy, power prices could surge as federal tax incentives for clean energy disappear, according to Energy Innovation, a think tank.
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Among the Triad locations impacted by the closure is the Hekman Furniture Co. warehouse in Lexington. Howard Miller Co. acquired Hekman in 1983.
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The Fed's $2.5 billion headquarters renovation is attracting mounting criticism from the Trump administration, which had been already attacking the central bank for not cutting interest rates.
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How can you make big life choices — like moving or taking a new job — without money being the primary factor?
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Nobel Prize-winning economist Paul Krugman believes tariffs President Trump has threatened to impose on countries, including Mexico and Brazil, are here to stay and will cost U.S. consumers.
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Trump will meet with NATO's secretary-general to discuss the Russia-Ukraine war as his frustrations grow over the conflict. And, the president says the European Union and Mexico will face 30% tariffs.