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Rising Inflation Underscores Risks in Trump’s New Tariff Threats Rising Inflation Underscores Risks in Trump’s New Tariff Threats New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug 1
Inflation surged in June amid tariffs as Trump declared . . . Core inflation -- a measure of inflation that strips out volatile food and energy prices -- has matched or beaten economists' expectations every month since Trump took office, the White House said