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Trump Returns From Beijing as Inflation and Rates Rise
New reports showed 3.8% annual inflation in April as 10-year Treasury yields climbed and tariff-driven price increases spread to clothing and groceries.
- On Thursday, May 14, 2026, President Donald Trump met China's President Jinping in Beijing and told reporters Boeing would sell 200 aircraft to the Chinese, potentially 750 if performance warrants it.
- While Trump visited China, United States consumer inflation reached 3.8% annually in April as interest rates on 10-year government debt jumped to 4.6%, driven by supply shocks including the Strait of Hormuz closure.
- Gregory Daco, chief economist at EY-Parthenon, warned that supply shocks are feeding inflationary pressures, while last year's tariff increases are now translating into higher clothing prices for Americans ahead of Memorial Day.
- Senate Democratic leader Chuck Schumer of New York said Thursday that Americans see "no sympathy, any support, or any plan" from Trump to lower costs, while White House spokesman Kush Desai stated the administration remains "laser-focused on delivering growth and affordability."
- With midterms approaching, Lindsay Owens, executive director of Groundwork Collaborative, described the economic situation as a "dumpster fire," warning that foreign policy wins matter less to voters than daily stability and affordability.
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29 Articles
29 Articles
Coverage Details
Total News Sources29
Leaning Left13Leaning Right2Center12Last UpdatedBias Distribution48% Left
Bias Distribution
- 48% of the sources lean Left
48% Left
L 48%
C 45%
Factuality
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