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Inflation may have picked up slightly last month as President Donald Trump人妖色情片檚 widespread tariffs kicked in, a trend economists expect will become more visible in the coming months. Tuesday人妖色情片檚 report could provide an early read on how Trump人妖色情片檚 duties will affect the prices Americans pay for necessities and other goods such as clothing, shoes, furniture and even groceries. Duties on many goods from Mexico and Canada took effect in February and could have impacted prices last month. Still, economists forecast the impact from duties to be modest.

President Donald Trump is waging a trade war without getting approval from Congress: He declared a national emergency to slap import taxes 人妖色情片� tariffs 人妖色情片� on almost every country on earth. The president is now facing at least seven lawsuits that argue he人妖色情片檚 gone too far and asserted power he does not have. The first of the legal challenges went to court Tuesday in New York. Five small businesses are asking a three-judge panel of the U.S. Court of International Trade to block the sweeping import taxes that Trump announced April 2 人妖色情片� 人妖色情片淟iberation Day,人妖色情片櫲搜槠瑱 he called it.

U.S. stocks rallied after China and the United States announced a 90-day truce in their trade war. The S&P 500 jumped 3.3% Monday. The Dow Jones Industrial Average rose more than 1,100 points, and the Nasdaq composite rallied 4.3%. Hopes for an economy less encumbered by tariffs also sent crude oil prices higher. The U.S. dollar strengthened against other currencies, and Treasury yields jumped on expectations that the Federal Reserve won人妖色情片檛 have to cut interest rates so deeply this year in order to protect the economy. Analysts warned conditions could still quickly change, as has so often happened in President Donald Trump's trade wars.

The U.S. and China have resumed crucial tariff talks that have put the global economy on edge, but appeared to have diverging views of where the negotiations presently stand. President Donald Trump said on social media that 人妖色情片済reat progress人妖色情片� was being made and even suggested a 人妖色情片渢otal reset人妖色情片� was a possibility as the sides took their seats for the second and final scheduled day of discussions in Geneva. Beijing has yet to comment directly, but its official news agency took a tough approach Saturday, saying China will 人妖色情片渇irmly reject any proposal that compromises core principles or undermines the broader cause of global equity.人妖色情片� No breakthroughs were announced after 10 hours of discussions on the opening day.

The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump人妖色情片檚 demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen. The Fed kept its rate at 4.3% for the third straight meeting, after cutting it three times in a row at the end of last year. Many economists and Wall Street investors still expect the Fed will reduce rates two or three times this year, but the sweeping tariffs imposed by Trump have injected a tremendous amount of uncertainty into the U.S. economy and the Fed人妖色情片檚 policies.

Top U.S. officials are set to meet with a high-level Chinese delegation this weekend in Switzerland. The administration on Tuesday announced the first major talks between the two nations since President Donald Trump sparked a trade war with stiff tariffs on imports. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet with their counterparts in Geneva in the most-senior known conversations between the two countries in months. The Chinese Commerce Ministry confirmed the meeting, saying they agreed to have contact 人妖色情片渁fter fully considering global expectations, Chinese interests and calls from U.S. businesses and consumers.人妖色情片� It comes amid growing U.S. market worry over the impact of the tariffs.

Warren Buffett shocked an arena full of his shareholders by announcing that he wants to retire at the end of the year. Buffett said he will recommend to Berkshire Hathaway人妖色情片檚 board that Greg Abel should become CEO at the end of the year. Previously the 94-year-old investor has always said he had no plans to retire. But Abel has been his designated successor for years, and Abel has already been managing all of Berkshire's non-insurance businesses. He will now take on the responsibility for running Berkshire's insurance businesses and investing its cash. 聽Able said he was 人妖色情片渉umbled and honored to be part of Berkshire as we go forward.人妖色情片�

Amid a backdrop of ongoing tariff uncertainty, more and more gamers are facing price hikes. Microsoft raised recommended retailer pricing for its Xbox consoles and controllers around the world this week. Its Xbox Series S, for example, now starts at $379.99 in the U.S. 人妖色情片� up $80 from the $299.99 price tag that debuted in 2020. And its more powerful Xbox Series X will be $599.99 going forward, a $100 jump from its previous $499.99 listing. The tech giant didn人妖色情片檛 mention tariffs specifically, but cited wider 人妖色情片渕arket conditions and the rising cost of development.人妖色情片� Beyond the U.S., Microsoft also laid out Xbox price adjustments for Europe, the U.K. and Australia. The company said all other countries would also receive updates locally.