News for April 30, 2025

US inflation eased in March while consumers increased spending, but President Donald Trump’s new tariffs are expected to push prices higher soon.

President Donald Trump said his tariffs on China may leave shoppers with fewer goods, including toys, and slightly higher prices, while he argued the policy will help the U.S. economy over time.

Trump’s call with Jeff Bezos eased a public clash, but Amazon still faces a tense earnings report shaped by tariffs and slower growth.

Ford CEO Jim Farley said Trump’s new tariff changes help auto makers, but he said more policy changes are still needed to support U.S. car growth.

Trump’s auto tariffs are making life harder for Lanex Manufacturing and other parts makers that rely on a supply chain that crosses the U.S.-Canada border multiple times.

Dr. Mehmet Oz and other Trump health officials say Americans could cut drug costs by taking fewer medicines, but experts argue the bigger problem is high U.S. drug prices, not patient behavior.

President Donald Trump’s tariff push has created economic uncertainty, with markets swinging, confidence falling, and the Federal Reserve still seeing inflation above its target.

President Donald Trump defended his tariffs and other policies as part of a needed “transition period,” even as he had promised quick relief and lower prices on Day One.