Create accountLogin

Recent searches

No recent searches

Search options

Only available when logged in.
eupolicy.social is one of the many independent Mastodon servers you can use to participate in the fediverse.
This Mastodon server is a friendly and respectful discussion space for people working in areas related to EU policy. When you request to create an account, please tell us something about you.

Administered by:

Server stats:

212
active users

eupolicy.social: AboutProfiles directoryPrivacy policy

Mastodon: AboutGet the appKeyboard shortcutsView source codev4.3.8

#prices

9 posts8 participants0 posts today
Public
Nonilex

#US consumer #prices rise moderately

US #consumer prices increased marginally in May amid cheaper #gasoline, but #inflation is expected to accelerate in the coming months on the back of the #Trump admin's import #tariffs.

The #ConsumerPriceIndex (#CPI) increased 0.1% last month after rising 0.2% in April, the #Labor Dept's Bureau of Labor Statistics (#BLS) said on Wed. In the 12 months through May, the CPI advanced 2.4% after gaining 2.3% in April.

#economy #recession
reuters.com/world/us/us-consum

Continued thread
Public
Nonilex

…Economists have pointed out that #tariffs on factory inputs such as #metals risk slowing #US #manufacturing, since they raise #prices for factories.…

An analysis published by the US #InternationalTrade Commission, an independent, bipartisan govt agency, suggested that while the steel & #aluminum tariffs levied in #Trump’s 1st term helped American steel & aluminum producers, they hurt the broader #economy by raising prices for many other industries….

#inflation#recession
Continued thread
Public
Nonilex

…Companies that use #steel & #aluminum to make their products criticized the #tariffs, saying they would add #costs for American #consumers.

Robert Budway, the president of the Can Manufacturers Institute, said doubling the steel tariff would further increase the cost of canned goods at the #grocery store.

“This cost is levied upon millions of American families relying on canned #foods picked & packed by US #farmers & can makers,” he said.

#economy#inflation#food
Continued thread
Public
Nonilex

I’d like a margarita with this #TACO.

#Trump says he’s going to double the #tariff rate on #steel from 25% to 50%, a dramatic increase that could further increase #prices for the metal used to make #housing, #autos & other goods.

Trump was speaking at US Steel’s Mon Valley Works–Irvin Plant in West Mifflin, PA, to announce investments by Japan’s Nippon Steel.

The price of steel products has increased roughly 16% in Trump’s 2nd term, acc/to the govt’s price index.

apnews.com/live/donald-trump-n

AP NewsTrump says he’ll double steel and aluminum tariffs to 50%President Donald Trump says he's going to double the tariff rate on steel and aluminum from 25% to 50%, a dramatic increase that could further increase prices.
ExploreLive feeds
About