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MarketsCNBCFiled 32 h ago

White House vows to press ahead with tariffs despite midterm backlash over rising prices

Open the sourceReported by CNBC, cnbc.com, 10 November 2026

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The White House said it will continue its tariff program despite mounting political backlash over rising prices, following midterm losses and polling that showed growing public opposition. Business executives at a Washington summit warned of higher costs and shifting supply chains tied to the duties. The administration’s stance signals tariffs will remain a central policy tool even as inflation concerns intensify. Watch for further data on consumer prices and company cost guidance, plus any signals of compromise from the White House as political pressure builds.

Muhabbit's AI wrote this summary in its own words from CNBC's report. It can get details wrong, so check the source.

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Trump, White House, business executives