April, tariffs and Inflation
Digest more
The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, reflecting strong tax receipts in the final month of the tax season and record collections of import duties,
Canadians road tripping to the US declined even more in April, according to government data.The number of Canadian residents visiting the US by plane also declined, the data suggested.Canadians have been avoiding US travel in response to Trump's policies on tariffs and annexation.
The Consumer Price Index jumped 2.3% in April from the year before, below March’s 2.4% increase, the Bureau of Labor Statistics said Tuesday.
Thai consumer confidence dropped for a third straight month in April, hitting its lowest level in seven months due to concerns over U.S. tariffs and a slow domestic economic recovery, a survey showed on Thursday.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Explore more
Inflation rose less than expected in April, as prices rose 2.3% over the year, down from 2.4% in March. Prices for gas and groceries fell, but housing and eating at restaurants got more expensive. Inflation was slightly milder than forecasters had expected, before consumers faced the full brunt of President Donald Trump's import taxes.
Inflation picked up speed in April after declining in March, according to data released Tuesday by the Labor Department. The consumer price index (CPI) rose 0.2 percent last month and is up 2.3
Employers across the U.S. added 177,000 jobs in April, a sign the labor market remains healthy despite concerns rising U.S. tariffs.
The U.S. collected $7.6 billion more in customs duties in April than it did in March, the Treasury said Monday, as revenue from tariffs on imported goods ramped up sharply. Gross customs duties collected in April reached a monthly record of $16.