Rising inflation has complicated President Trump's plans to increase tariffs on major trading partners, risking further price hikes for consumers. Recent data indicates intensified price pressures, with the January Consumer Price Index showing unexpected jumps attributed to seasonal factors. Trump blamed the previous administration for the inflation crisis while proposing hefty tariffs, which some economists warn could exacerbate inflationary trends. With significant tariffs already imposed on China and proposed on other nations, the total impact could affect over $1.3 trillion in U.S. imports, countering Trump's initial campaign promises to reduce prices for consumers.
In Mr. Trump's first weeks back in the White House, he has already put an additional 10 percent tariff on all U.S. imports from China...
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