Stories that are getting the most attention from our readers this week.
Washington, D.C., USA: Economists warn that recent tariffs imposed by President Donald Trump could soon push up consumer prices and strain businesses. Some duties are as high as 145%, catching importers off-guard. Companies from coffee roasters to holiday décor makers say they’re scrambling to pass along increased costs or absorb losses. This uncertainty hits consumer confidence, with the Conference Board index at its lowest since 2020. While inflation remains moderate overall, hidden cost pressures are mounting, reminiscent of the 2019 tariff wave. Experts fear the trade strategy could weigh on economic growth even though job and GDP figures are still solid.