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Bad news for mortgage rates: Trump’s trade war has started to drive up inflation

HousingWire Tuesday, 15 July 2025 ()
Consumers had dodged any inflationary impact from the trade war initiated by President Donald Trump, but that’s now changed.
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News video: Trump SLAMS Mexico And EU With SHOCK 30% Tariffs | $1,200 Trade War Burden Falls on U.S. Families

Trump SLAMS Mexico And EU With SHOCK 30% Tariffs | $1,200 Trade War Burden Falls on U.S. Families 03:11

 President Trump has announced sweeping 30% tariffs on imports from the European Union and Mexico, igniting fresh trade tensions. Starting August 1, key sectors like auto parts, electronics, agriculture, and pharmaceuticals could see massive price hikes. The EU had hoped for a trade deal, but...

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