The last time tariffs were this high, the number one job in the U.S. was "farm laborer," average life expectancy was 50 years, and there were five cars for every 1,000 people.

President Donald Trump’s sweeping new tariffs, which include 30% duties on EU goods, 35% on Canadian imports, and 50% on products from Brazil, could hit American businesses hard, warns Peter Boockvar,

Egg prices cooled significantly in June, deviating from an overall rise in prices. The price of eggs climbed 27% over the year ending in June, which marked a slowdown from 41% year-over-year growth in May. Under Trump, inflation has defied doomsday predictions and helped to propel sturdy economic performance.

New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1.

WASHINGTON >> Rising prices across an array of goods from coffee to audio equipment to home furnishings pulled inflation higher in June in what economists see as evidence of the Trump administration’s increasing import taxes passing through to consumers.