Even though many commodities, like oil, were exempt from tariffs, the broader economic effects are likely to take a toll if they continue.
Gold futures rose above $3,000 per ounce.
Companies’ efforts to get ahead of possible U.S. tariffs on metals is causing a shortage of the valuable element in the United Kingdom.
Craft chocolate lovers will eat the higher prices, experts say. But others may alter their consumption habits.
The latest read on farmer sentiment from Purdue hit an eight-year low.
The scale, liquidity and stability of U.S. financial markets are partly behind the phenomenon.
Prices received by U.S. farmers are down 2.2% since last year. But you may not feel it at the grocery store.
In many countries, including Egypt, staples like bread have become much more expensive and harder to come by.
Countries that import commodities priced in U.S. dollars, like oil, are paying a lot more. So are nations that have dollar-denominated loans.
Russia invading Ukraine is a big reason that prices skyrocketed.. But it’s not the whole story.