President-elect Trump made instituting sweeping tariffs one of the cornerstone pledges of his 2024 campaign, a move experts warn could lead to price hikes for many everyday goods.
President-elect Trump boasts a "productive meeting" with Canada's Prime Minister Justin Trudeau after earlier threatening tariffs on the country, China and Mexico.
President-elect Trump on Saturday threatened to impose 100% tariffs against emerging markets that try to shift away from the U.S. dollar in international trade.
Why it matters: The threat against the BRICS nations (primarily Brazil, Russia, India, China and South Africa) is the latest escalation in Trump's campaign to use the specter of tariffs to achieve policy goals.
Retailers small and large are urging their customers to buy their merchandise before President-elect Trump's tariff plans become a reality.
Why it matters: As Americans gear up for the holiday shopping season, the looming threat of tariffs has imbued their to-buy lists with a sense of urgency. Higher tariffs typically mean higher prices for consumers.
Retailers are switching gears from Black Friday to Cyber Monday and unveiling new deals to encourage consumers to keep shopping.
Why it matters: The highly competitive holiday shopping season can be make-or-break for retailers and inflation-weary consumers are searching for bargains and discounts.
Why it matters: A record 183.4 million shoppers are expected to shop between Thanksgiving and Cyber Monday with Black Friday projected to be the busiest day, according to the NRF survey, according to the National Retail Federation's annual survey.
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