By Howard Schneider AMELIA ISLAND, Florida (Reuters) -Federal Reserve officials said on Tuesday that higher prices are coming on the back of rising U.S. import tariffs, with the open question now whether the inflation shock will be fleeting or more persistent.

Treasury Secretary Bessent told NBC News' "Meet the Press" the administration was focused on its 18 most important trading relationships.

President Trump’s new executive order on reciprocal tariffs arrived with bravado, meant to punish unfair practices and shrink the trade deficit. Beneath its populist appeal lies a question: Are tariffs a conservative approach to economics?

Brands leverage tariff headlines in marketing to connect with consumers amid economic uncertainty and heightened urgency.

Tariffs are a quiet tax that hurts small businesses already facing rising costs, broken supply chains, and labor pressure.