US consumer prices rise marginally in April; impact of tariffs awaited

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US consumer prices rise marginally in April; impact of tariffs awaited - Business Standard

Quick Summary:

While Trump in April paused for 90 days most of his country-specific tariffs, a 10% blanket duty on almost all imports remained in place.

The Trump administration has agreed to slash duties on Chinese goods to 30% for the next 90 days.Tariffs on U.S.goods imported into China would decline to 10% from 125%.

Grocery store prices decreased 0.4%, the largest decline since September 2020, pulled down by a 12.7% drop in the cost of eggs.