Sixth District central bank and research hub
The United States has set 10% to 12.5% tariffs on imports from 60 countries accounting for 99% of U.S. imports, arguing that they fail to enforce bans on goods made with forced labour. The tariffs take effect as prior global levies expire, with India and others qualifying for lower rates after tightening enforcement.
Renters and homebuyers face mounting costs as mortgage rates remain near multi-year highs, keeping ownership out of reach for many Americans. A CNBC/SUrvayMonkey survey finds fears about affordability persist alongside rising prices and limited supply.