Federal Reserve Chair Jerome Powell had warned that Donald Trump’s pet tariffs would cause inflation to skyrocket.

Chinese online retailers Temu and Shein are planning to raise prices due to Trump administration tariffs beginning April 25.

The S&P 500 trades at 5,360 today. If tariffs bite the economy and send the United States into a recession, it may well reset to where it was the last time bad news triggered deep anxiety about gross ...