Trump’s Tariffs Plan Would Cost Families $1,500 Per Year

$1,500

“Donald Trump’s idea to implement a 10% tariff on all imported goods would spike prices by as much as $1,500 annually for American families,” Semafor reports. “Published by the Center for American Progress Action Fund, the report estimates that yearly costs would rise by $90 for food, $90 for pharmaceutical drugs, and $120 oil-related products like gasoline.

Turkey Sees 48% Inflation

48%

“It began with a few outraged customers posting photographs of their electricity bills to social media, showing how charges had almost doubled at the end of January. But such complaints have quickly snowballed into a full-blown political crisis for the government of President Recep Tayyip Erdogan of Turkey,” the New York Times reports. “Turks have been hit with runaway inflation — now officially more than 48 percent — for several months, and criticism is growing even from Mr. Erdogan’s own allies as he struggles to lift the country out of an economic crisis.“