The Consumer Brands Association also warned 20,000 U.S. food manufacturing jobs could be endangered if more costly products cause a drop in sales.

President Donald Trump’s doubling of tariffs on foreign steel and aluminum could hit Americans in an unexpected place: grocery aisles.

The Trump administration's decision to double tariffs on steel and aluminum imports to 50% is stirring debate. While aimed at bolstering national security and revitalizing the U.S. steel industry, these tariffs could lead to higher prices for everyday products,

U.S. consumer prices likely increased moderately in May amid relatively cheaper gasoline, but the Trump administration's import tariffs probably started filtering through to other goods, potentially raising underlying inflation pressures.

President Donald Trump has announced a 50% tariff on imported steel and aluminum, raising concerns about rising costs on a wide range of consumer goods, especially groceries.

Inflation ticked slightly higher in May, rising 2.4%, in line with expectations, according to the U.S. Consumer Price Index released Wednesday. Prices rose 0.1 percent for the month, according to the Bureau of Labor Statistics. The month-over-month increase is less than expected.

Prices are climbing at big-name retailers — and it’s not just inflation this time. These companies have stated that tariffs imposed by the Trump administration have compelled them to increase prices.

The recent 15 percent increase in electricity tariffs will lead to a rise in food prices across the country, National Consumer Front (NCF) chairman Asela Sampath warned today. ..

WASHINGTON (AP) — U.S. inflation picked up a bit last month as food costs rose, though overall inflation remained mostly tame.

A key government statistic shows rising costs for groceries and imported goods were muted by drops in categories like new cars and gas.

May was seen as a key month for prices after the new tariffs were announced in April. Still, the rollout of the tariffs has been uneven, and the full