Incoming trade advisor Peter Navarro has reassured Americans that the tariffs planned for President-Elect Donald Trump's next term will not lead to inflationary pressures. Speaking with CNBC, Navarro pointed to the significant tariffs imposed on Chinese imports during Trump’s previous term, such as steel, aluminum, dishwashers, and solar panels. Despite fears that these tariffs would drive up prices, Navarro emphasized that they had no discernible impact on inflation. He also dismissed past warnings about inflation, recalling how critics had predicted economic chaos during Trump’s first term, only to see those fears prove unfounded.
Sen. Tom Cotton is demanding accountability from the Department of Defense (DOD) as the Biden administration continues to sell off southern border wall materials at low prices before President-elect Donald Trump takes office. In a letter to Defense Secretary Lloyd Austin on Monday, Cotton insisted that all records related to these sales be preserved.
With fewer than 40 days until Inauguration Day, President-elect Donald Trump is adjusting his approach to key campaign promises. While his “Promises Made, Promises Kept” mantra energized his base throughout the 2024 campaign, Trump is now striking a more tempered tone on major issues like inflation, foreign policy, and government spending.
House Speaker Mike Johnson (R-LA) is preparing to unveil a government spending bill that could include key components of President-elect Donald Trump’s healthcare agenda. Among the priorities under consideration is reforming Pharmacy Benefit Manager (PBM) practices, a move aimed at lowering prescription drug costs for seniors by tackling middleman-driven price inflation.
A recent Reuters/Ipsos poll reveals that most Americans oppose higher tariffs on imported goods if they lead to increased consumer prices. The findings highlight the political risks surrounding President-elect Donald Trump's plan to impose steep import tariffs aimed at boosting American industry and curbing illegal activities such as fentanyl trafficking.
A new Fox News Poll shows President-elect Donald Trump’s return to the White House has left more than half of voters feeling optimistic about the future. Among those surveyed, 54% said they felt hopeful, while 50% reported feeling relieved. Nearly half (48%) expressed excitement over the election outcome.
President Donald Trump’s immigration policies, including mass deportations of illegal migrants, could result in lower chicken prices and increased wages for American workers, according to industry analysts. A report from AviNews.com highlights the poultry industry’s heavy reliance on immigrant labor, particularly undocumented workers. Losing this workforce would force companies to raise wages to attract American workers to processing plants and farms.
Inflation rose in November at the fastest pace in four months, marking the second straight month of acceleration. The Department of Labor reported Wednesday that the consumer price index (CPI) increased by 2.7% over the past year, matching economists' forecasts. Core inflation, which excludes food and energy prices, climbed 3.3% year-over-year.
