As tariffs on Chinese imports persist, major U.S. retailers warn of potential price increases, leaving consumers uncertain about future shopping costs.

The retail industry is alerting President Trump that they can’t “eat” his tariffs forever – and price increases are likely to hit in the coming weeks, On The Money has learned. Whether this gets translated into higher official inflation numbers is anyone’s guess at this point.

White House frustration with Europe’s pace and position in trade talks leads to surprise tariff warning ahead of June 1 deadline.

By Philip Blenkinsop, David Lawder and Stephanie van den Berg BRUSSELS/BANFF, Canada/THE HAGUE (Reuters) -U.S. President Donald Trump threatened on Friday to ratchet up his trade war again, pushing for a 50% tariff on European Union goods starting June 1 and warning Apple he may slap a 25% levy on all imported iPhones bought by U.

President Donald Trump threatened Apple and Samsung with a 25% tariff if they do not start producing phones in the U.S. — his latest salvo directly targeting a U.S. company over how it conducts its business.