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US Inflation Hits 2.7% Amid Trump’s Tariffs and Controversy

7/16/2025

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Summary

Story summary

US inflation surged to 2.7% in June, surpassing forecasts, driven in part by Trump’s tariffs. Despite this, voter anxiety remains muted, with a slight uptick in Trump’s approval ratings. In a controversial move, the government has become the largest shareholder in MP Materials, raising eyebrows as Apple joins the fray, highlighting a concerning blend of public and private interests.

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Story summary

US inflation surged to 2.7% in June, surpassing forecasts, driven in part by Trump’s tariffs. Despite this, voter anxiety remains muted, with a slight uptick in Trump’s approval ratings. In a controversial move, the government has become the largest shareholder in MP Materials, raising eyebrows as Apple joins the fray, highlighting a concerning blend of public and private interests.