Trump, reciprocal tariffs and inflation

What does the Fed really think about Trump tariffs and inflation? We’re about to get more clues.
What do Federal Reserve leaders think about President Trump’s tariffs and how they will affect inflation? And how will they react if he imposes stiff sanctions on other countries?
Why Trump's plan for sweeping tariffs could 'shock' inflation back into gear
Trump's plan to pursue reciprocal tariffs on all countries would drive up inflation if fully carried through, economists say.
Trump orders up a plan for more tariffs, even as inflation heats up
President Donald Trump doubled down on his extraordinary push for more balanced trade, ordering on Thursday that agencies should investigate plans for new reciprocal tariffs that could boost America’s revenue — but could also ignite a global trade war and add to America’s rebounding inflation problem.
Hot Inflation Raises Stakes of Trump’s Tariffs
Hot inflation has raised the stakes of President Trump’s plans to escalate his use of tariffs on the country’s biggest trading partners, risking even higher consumer prices and pushing back the prospects of the Federal Reserve lowering interest rates soon.
Opinion
Trump tariffs will only lead to inflation, retaliation and loss of trust
President Trump’s recent efforts to impose tariffs on imports from Canada and Mexico and China has sparked concerns over the potential economic impact and potential retaliation from other
Trump tariffs to stoke inflation in 2025: corporate economists
The gain in the Federal Reserve’s preferred inflation measure will probably average nearly 2.7% during the four quarters starting in April, according to economists surveyed by Wolters Kluwer.
Can the Fed Look Past Trump’s Tariffs?
Top officials are grappling with how to handle potential price increases caused by the administration’s policies.
Top Federal Reserve official plays down inflation risks from Trump tariffs
A top US central banker has played down the prospect of Donald Trump’s trade war stoking inflation, highlighting divisions among Federal Reserve rate-setters on the impact of sweeping tariffs. Christopher Waller said in Australia on Tuesday morning that Trump’s tariffs would “only modestly increase prices and in a non-persistent manner” — a signal the Fed governor believes the new administration’s trade policies should not affect the central bank’s decision-making.
Japan sees moderate economic recovery, wary over Trump's tariffs
The Japanese government on Wednesday stuck to its view that the economy was recovering moderately, but flagged U.S. trade ...
Prediction: 3 Reasons Donald Trump Can Expect a Big Move in Inflation in 2025
Lowering interest rates while simultaneously raising tariffs could stoke higher inflation, and undo all of DOGE's work.
USD/CAD Instability Becomes A Key Battleground As Trump 2.0 Gets Into Gear
Trump's tariffs and inflation pressures are driving USD/CAD higher, with the Canadian dollar showing resilience despite trade ...
Jim Chalmers says Trump tariffs could spur inflation amid RBA rates warning
US President Donald Trump's tariffs plan could spur Australia's inflation, Treasurer Jim Chalmers says, after the Reserve Bank of Australia (RBA) warned it could hike rates again if it rises. "Now, ...
Why Trump economic advisers are more focused on Wall Street than the Fed
National Economic Council director Kevin Hassett hopes to bring down borrowing costs via 10-year Treasury yields, echoing the stance of Treasury Secretary Scott Bessent.
COLUMN-Trump tariffs won’t easily derail euro zone recovery: Klement
The euro zone is showing early signs of an economic recovery that is unlikely to be derailed by the tariffs the Trump ...
China deal-making ramps up after years of decline as Chinese companies prepare for Trump tariffs
China is starting to see a rebound in its M&A scene as government stimulus measures start to bear fruit and pressure from ...