Mexico’s annual inflation accelerated roughly in line with economists’ forecasts in early February, holding near the central bank’s estimates and keeping chances of a sixth straight interest rate cut in play.
Trump administration Commerce Secretary Howard Lutnick swatted away any notion the president's tariffs on China, Canada, and Mexico could exacerbate inflation on U.S. consumers in a CNBC "Squawk Box" interview with Joe Kernen — accusing anyone expressing this criticism of "whining and complaining.
As inflation heats up, consumers are seeing higher prices at grocery stores due to tariffs on imported goods such as fruits and vegetables from Mexico, Canada and China.
U.S. Treasury Secretary Scott Bessent says he is not worried about inflation stemming from a trade war with Canada and Mexico.
Trump says his tariffs on Canada and Mexico will start next month, ending a monthlong suspension on the import taxes that could hurt economic growth and worsen inflation.
President Donald Trump said Monday that his tariffs on Canada and Mexico are starting next month, ending a monthlong suspension on the planned import taxes that could potentially hurt economic growth and worsen inflation.
There will ‘clearly’ be an inflationary impact from President Trump’s tariffs on Mexico, Canada and China, according to shipping giant Maersk.
The president’s latest tariffs also sent financial markets into a tailspin Tuesday as the U.S. faced the threat of rekindled inflation and paralyzing uncertainty.
President Trump’s comment indicates the end of a monthlong suspension on planned import taxes that could potentially hurt growth and worsen inflation.
It comes after Trump said his threatened tariffs on China, Mexico and Canada will go into effect from today, in a move that could boost inflation.
Mexico's inflation rose in February from the previous month, while the closely watched core index held steady, keeping open expectations for the central bank to cut interest rates by another half percentage point this month.
Inflation in Mexico is expected to have moved higher in February with a moderate decline in fresh fruit and vegetable prices and monthly increases in core goods and services. The consumer price index is expected to have risen 0.