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The Trump administration changed its tariff regime late Thursday night. Canada will face 35 percent tariffs but Mexico got a 90-day reprieve from higher rates.
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Trump's tariffs face challenge, while administration rushes to finish trade deals The Washington PostTrump Sees Emergencies Everywhere. Judges Are Considering Whether to Rein Him In. The Wall Street JournalTariffs announced, tariffs delayed — tariffs denied? From the Politics Desk NBC NewsTrump's tariffs face skepticism in court hours before latest round is set to kick in The Guardian
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PCE report shows U.S. inflation rose last month as Trump's tariffs boosted some prices CBS NewsConsumer spending heated up a bit last month - but so did inflation CNNUS inflation warms up in June as tariffs boost some goods prices ReutersThe June PCE Inflation Data Are Here. What to Know. Barron's
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Gross domestic product was expected to grow at a 2.3% annualized pace in the second quarter, according to the consensus estimate.
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The U.S. economy grew this spring after a slowdown earlier this year. A report from the Commerce Department shows the nation's GDP grew at an annual rate of 3% in the second quarter of the year.
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