Chinese online retail giants Shein and Temu have warned US customers that goods will get pricier from next week, after President Donald Trump imposed hefty tariffs on goods from China. In almost identical statements,

The Fed chief warns higher inflation is likely, although officials routinely say their outlook depends on how Trump’s policies — on trade, immigration and more — shake out.

US President Donald Trump's tariffs will likely push up prices and constrain growth, and could put the Federal Reserve in the unenviable position of having to choose between tackling inflation