There’s a growing sense among some inside the Federal Reserve that President Donald Trump’s willingness to use tariffs as a tool to accomplish his administration’s aims will end up boosting inflation,

U.S. President Donald Trump announced steep tariffs on Canada, Mexico and China. Mexico’s president later announced a one-month pause in tariffs there. Becky Anderson explains the impact the tariffs could have on prices of popular items.

U.S. President Donald Trump warned on Monday he might increase tariffs on China beyond the 10% he imposed on Saturday and that "we will speak to China" probably over the next 24 hours. He described the tariffs he placed on Chinese imports as an "opening salvo" in his drive for more balance in the U.

President Donald Trump’s weekend announcement of tariffs on Mexico, Canada and China translated into a shock for market-based inflation expectations, prompting traders to now expect an annual headline rate from the consumer-price index that’s closer to 3% for much of 2025.