U.S. Inflation Rises 2.9% in August: Food and Gas Prices Lead the CPI Surge

U.S. Inflation Rises 2.9% in August: Food and Gas Prices Lead the CPI Surge

The August inflation data overlaps with President Trump’s latest round of tariffs on major U.S. trading partners. But while the direct impact is up for debate, beef’s surge suggests tariffs may already be filtering into consumer prices.

Russia’s Crude Oil Exports Stay High — But Flows Shift Sharply Toward Asia

Russia’s Crude Oil Exports Stay High — But Flows Shift Sharply Toward Asia

Despite sanctions, Russia’s crude oil exports remain steady. Trade flows have pivoted from Europe to Asia, with China and India now the top buyers. India’s growing imports—and its refusal to join Western sanctions—have triggered steep new U.S. tariffs.

America’s Tariff War Deepens as Dozens of Countries Brace for Revised ‘Reciprocal’ U.S. Tariffs

America’s Tariff War Deepens as Dozens of Countries Brace for Revised ‘Reciprocal’ U.S. Tariffs

After months of negotiations, pauses, and delays, a sweeping new tariff slate took effect Thursday—marking a new era in U.S. trade policy, with import rates reaching their highest levels since the Great Depression.