President Donald Trump announced tariffs of 25% on steel and aluminum imports, sparking concerns about a global trade war. Investors reacted cautiously, with stock futures climbing despite the previous week's dip in major U.S. averages. Inflation, interest rates, and the impact of tariffs on consumer prices are in focus this week, with key economic indicators like the consumer price index and producer price index scheduled for release. Meanwhile, the Trump administration also took action to suspend most activities at the Consumer Financial Protection Bureau, drawing criticism from Democrats and consumer advocates.
President Donald Trump said he would impose 25% duties on steel and aluminum imports.Stock futures climbed Monday as investors digested the latest phase in a brewing global trade war . The three major U.S. averages dipped last week. Theboth slid by 0.5%. Inflation, interest rates and the potential for tariffs to increase prices will be in focus this week. The consumer price index is due Wednesday, while the producer price index is set for Thursday.
U.S. President Donald Trump holds a joint press conference with Japanese Prime Minister Shigeru Ishiba in the East Room at the White House in Washington, U.S., Feb. 7, 2025.on steel and aluminum. He did not say when he could impose the duties. While the duties could help U.S. metals companies like, they could also raise prices of some items for U.S. consumers and open up other products to retaliatory tariffs.
TRADE WAR TARIFFS STEEL ALUMINUM INFLATION INTEREST RATES CONSUMER PRICES ECONOMY CFPB
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