Donald Trump is pressuring the Federal Reserve to cut interest rates following a favorable inflation report, arguing that the current base rate is too high with a modest 2.3% annual CPI increase. However,

After implementation of tariffs of up to 145% on all imports from China, negotiatorswere able to agree to a temporary reduction to a 30% levy. This rate is plan

The U.S. collected a record $16.3 billion in customs revenue in April, although the "Liberation Day" import tax revenue surge could be short-lived.

Tariff effects will significantly impact upcoming Consumer Price Index data, according to Ellen Zentner, Chief U.S. Economist at Morgan Stanley. During an interview with CNBC, Zentner explained that these trade policies are already influencing key economic indicators and creating market uncertainty.

President Trump's announcement of additional tariffs led businesses to increase inventory imports to avoid higher prices, which in turn subtracted from the GDP. Many companies depend on Chinese factories for holiday goods, and tariffs could disrupt the timely and affordable arrival of these products.

The head of the World Trade Organization has welcomed the agreement between the United States and China to reduce their tit-for-tat tariffs, while expressing concerns over the impact of the US tariff policy on global economic growth.

The Fed should not commit to further interest rate cuts until it is clear whether the Trump administration's tariff policies lead to persistent inflation or a less serious, one-time adjustment in prices,

The ongoing tariff war may seem far away, but its impacts soon may be felt by Santa Barbara businesses, which rely on imports and exports to make their