April’s inflation report could show tariffs’ effects, although some analysts say businesses are working through stockpiled inventory and are hesitant to raise prices yet.

President Donald Trump’s shock-and-awe tariff approach threatened to rupture global financial system and drive the US economy into recession. Nervous about the prospect of empty store shelves and reignited inflation,

WASHINGTON − Top Trump administration officials said they reached a trade agreement with China after two days of negotiations in Geneva, marking a potentially massive victory for President Donald Trump amid his trade war with Beijing.