The Daily Money: Tariffs come to Temu
Good morning! It’s Daniel de Visé with your Daily Money.
If you were searching for concrete proof that tariffs raise prices, look no further than Temu.
The e-commerce giant has implemented a new import charge, more than doubling the price of many items shipped from China. Known for its low, low prices for clothing and convenience items, Temu must now accommodate President Donald Trump's 145% import tariff.
More than 7 million Americans have Alzheimer’s
A new report suggests up to 7.2 million Americans aged 65 and older are living with Alzheimer’s disease, an increase of about 300,000 cases of the mind-robbing disease from a year ago.
An Alzheimer's Association report, released April 29, said the total annual cost of caring for people living with Alzheimer’s and other forms of dementia will reach $384 billion in 2025. That figure doesn't include the cost of unpaid care from 12 million family members and friends who provide billions of hours of care.
Musk fades from White House spotlight
Hours after President Donald Trump's inauguration, a triumphant Elon Musk took the stage at a Trump rally in Washington and boasted, "I'm going to work my ass off for you guys."
But now, 100 days into Trump's second White House term, the Musk who once held up a chainsaw to display his power as a government slasher, and who became the most prominent face of the White House after Trump, has started to disappear.
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About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from Paste BN, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.