Treasury Secretary Scott Bessent argues that the American dream is about more than cheap televisions, but inflation-weary consumers might disagree.
Treasury Secretary Scott Bessent argues that the American dream is about more than cheap televisions, but inflation-weary consumers might disagree.
Businesses that rely on immigrants are pushing for legislation to ensure an adequate, legal flow of laborers from abroad as deportations ramp up.
The move added to the list of actions by President Trump that use the powers of his office to weaken perceived enemies.
Advocates of higher birthrates have support in the Trump administration. But it’s unclear whether their priorities will win out.
“Prices are going to shoot up now,” one shopper said. But some dealers said that economic concerns might be keeping people away.
The Federal Reserve’s preferred inflation measure showed underlying price pressures persisting in February.
Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.
With sweeping auto levies, the president is putting his beliefs about tariffs into practice on the global economy. Economists aren’t optimistic.
Experts say the 25 percent import fee will make many cars more expensive, but it is not clear when, by how much or which models.
The scale of the damage depends on the circumstances of each company’s supply chain.