President Donald Trump is defending his escalating tariff strategy—even as American consumers begin to feel the pinch. Trump announced he is likely to impose new duties on pharmaceutical imports by the end of the month,

Plus, the Justice Department has subpoenaed 20 doctors and clinics involved in “performing transgender medical procedures on children.”

But actually, the PPI measures prices at the level of the manufacturer — which is located in America. In other words, the index "does not include imports, because imports are by definition not produced by domestic firms," according to the U.S. Bureau of Labor Statistics.

U.S. President Donald Trump on Tuesday said letters notifying smaller countries of their U.S. tariff rates would go out soon, adding that his administration would likely set a tariff of “a little over 10%” for those countries.