CNBC Economy / Updates
- Treasury posts unexpected surplus in June as tariff receipts surge July 11, 2025Last month saw a surplus of a little more than $27 billion, following a $316 billion deficit in May.
- Trump announces 35% tariffs on Canada starting Aug. 1, warns of higher levies if Ottawa retaliates July 11, 2025President Donald Trump announced a 35% tariff on Canadian imports, starting Aug. 1, the latest letter to a trade partner that threatens high rates.
- Inflation expectations drift back down to pre-tariff levels, New York Fed survey shows July 8, 2025Fears earlier this year that President Donald Trump's tariffs would result in a sharp inflation spike have completely receded.