Helen of Troy’s stock was tumbling toward a 14-year low Thursday, after the company said tariff-related impacts hurt consumer spending and led to a sales miss and a downbeat outlook.

Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come in to America will deliver a taxing blow to consumers via higher prices.

The president has published just 22 letters, many to minor trading partners like Brunei, Moldova and Sri Lanka.

It's too soon to tell if tariffs will have a lasting impact on inflation, St. Louis Fed President Alberto Musalem said on Thursday

On April 2, 2025, US President Donald Trump unveiled sweeping new taxes—dubbed “Liberation Day” tariffs—targeting imports from nearly every country around the world. The move sent shockwaves through the global trade system and triggered a sharp downturn in international financial markets.

Markets had a muted response to new tariffs, suggesting investors might be discounting the effects they could have on inflation and the economy.

U.S. stock futures are higher as investors eye President Donald Trump's next tariff move and minutes from the last Federal Reserve policy meeting.

By Howard Schneider WASHINGTON (Reuters) -Recent national and global surveys of business executives have highlighted the U.S. Federal Reserve's dilemma in determining if slowing growth or inflation is the greater risk to the U.