Menu
SECTIONS
Iran war Russia-Ukraine war Español China Asia Pacific Latin America Europe Africa
TOP STORIES
- Bridges and infrastructure hit as US struck deeper inside Iran
- France and Spain battle wildfires as more than 250,000 people are forced to flee homes
- Iran-backed Houthis fire missiles at Saudi Arabia in response to airstrikes in Yemen
Newsletters
The Afternoon Wire\ \ Our personalization engine sends you what you may have missed throughout the day. The Morning Wire\ \ Our flagship newsletter breaks down the biggest headlines of the day.
SECTIONS
Immigration Weather Education Transportation Abortion LGBTQ+ Notable Deaths America at 250
TOP STORIES
- White House wants veterans to replace immigrant truckers who lost their licenses in crackdown
- Maine Democratic delegates choose Troy Jackson as new nominee to face US Sen. Susan Collins
- Attorney for family of man killed by Madison police says the officer should be criminally charged
Newsletters
AP QUIZZES
SECTIONS
2026 Elections Election Results Election calendar White House Congress Supreme Court The latest AP-NORC polls
TOP STORIES
- Trump orders new signs outside Smithsonian saying some exhibits are inaccurate
- Trump administration admits grants for clean energy were canceled based on politics
- Supreme Court litigator gets 6 years in prison for tax evasion case after gambling millions on poker
Newsletters
Ground Game\ \ Your guide to the biggest stories in politics, policy and U.S. elections.
SECTIONS
FIFA World Cup NFL MLB WNBA Tennis NBA Golf NHL
TOP STORIES
- Former Cowboys QB Tony Romo arrested on suspicion of operating a vehicle while under the influence
- Scrutiny of WNBA intensifies as mounting discord around the league looms over All-Star festivities
Newsletters
The Sports Wire\ \ Get AP’s in-depth sports reporting tailored to your interests.
SECTIONS
Movies Fashion Television Celebrity Interviews Music Books
TOP STORIES
Newsletters
SECTIONS
Tariffs Inflation Financial Markets Financial Wellness Technology
TOP STORIES
-
Americans rewire their grocery shopping routines while digesting the biggest price jump in 50 years
-
The 'rockets and feathers' effect: Inflation eases but grocery bills do not
SECTIONS
Space Animals The Ancient World Climate Medicine
TOP STORIES
TOP STORIES
-
Raccoon goes on drunken rampage in Virginia liquor store and passes out on bathroom floor
-
Viral phenomenon in Argentina has young people identifying themselves as animals
-
Chicken wings advertised as 'boneless' can have bones, Ohio Supreme Court decides
-
Ghana's fantasy coffins are a colorful celebration of life and legacy
-
Fatou, the world's oldest gorilla living in captivity, celebrates her 69th birthday at Berlin Zoo
-
Lettuce introduce you to the live frog found in this grocery store salad bag
SECTIONS
Trending Better health At home Working well For the climate Eating well
TOP STORIES
-
Being a night owl may not be great for your heart but you can do something about it
-
Biking to work: Tips to get started, stay safe and look presentable when you arrive
-
Cut the number of choices you make each day. Your brain will thank you
SECTIONS
TOP STORIES
- One frame captures a mother’s anguish during a search through a collapsed building in Venezuela
- At the Kaaba during Hajj, a photographer captures sense of unity and devotion
- How a photographer captured the speed and danger of Pamplona’s bull run
Newsletters
SECTIONS
Indigenous peoples and climate Climate Questions Climate Migration India Focus
TOP STORIES
-
Heat dome expands across the central United States, creating dangerous conditions for millions
-
As Lake Powell shrinks, marinas are having to adapt to dwindling water levels
TOP STORIES
-
Outbreak of diarrhea-causing parasite linked to 4 more states
-
US health officials are investigating a new outbreak of a diarrhea-causing parasite
-
Salmonella outbreak tied to eggs has sickened 98 people since November
-
There are already more US measles cases this year than in all of 2025
-
Being a night owl may not be great for your heart but you can do something about it
-
As demand for GLP-1 pills and shots surges, healthy habits are still key
SECTIONS
Artificial Intelligence Social Media
TOP STORIES
-
One Tech Tip: Don't use rice for your device. Here's how to dry out your smartphone
-
Young people are turning to old-school hobbies to get off their phones
-
As gas plants rise to power AI, renewable energy allies are fighting for cleaner alternatives
SECTIONS
Food & Recipes Gardening Fashion Homes Travel Pets
TOP STORIES
-
How the lighthearted social media trend of 'teen takeovers' took a serious turn
-
Cut the number of choices you make each day. Your brain will thank you
-
The bagel’s journey from Jewish immigrant food to American breakfast staple
TOP STORIES
- Replica of the Virgin Mary’s House draws Catholic devotees in the Philippines
- This Pittsburgh rabbi led the Tree of Life through its darkest days. Now, he says goodbye
- Orthodox monks are the first to live and pray at a monastery in Estonia for 80 years
Newsletters
World of Faith\ \ Comprehensive global coverage of how religion shapes our world.
SECTIONS
TOP STORIES
-
Trump ordena nuevos aranceles sobre 60 países ante el vencimiento de gravámenes anteriores
-
Descubren 8 muertos en una casa incendiada en Michigan, algunos de ellos con heridas de bala
-
EEUU ataca otro buque mercante que intentaba romper el bloqueo de los puertos iraníes
-
MORE
Search Query Submit Search
Show Search Menu
Submit Search
Menu
SECTIONS
Iran war Russia-Ukraine war Español China Asia Pacific Latin America Europe Africa
TOP STORIES
- Bridges and infrastructure hit as US struck deeper inside Iran
- France and Spain battle wildfires as more than 250,000 people are forced to flee homes
- Iran-backed Houthis fire missiles at Saudi Arabia in response to airstrikes in Yemen
Newsletters
The Afternoon Wire\ \ Our personalization engine sends you what you may have missed throughout the day. The Morning Wire\ \ Our flagship newsletter breaks down the biggest headlines of the day.
SECTIONS
Immigration Weather Education Transportation Abortion LGBTQ+ Notable Deaths America at 250
TOP STORIES
- White House wants veterans to replace immigrant truckers who lost their licenses in crackdown
- Maine Democratic delegates choose Troy Jackson as new nominee to face US Sen. Susan Collins
- Attorney for family of man killed by Madison police says the officer should be criminally charged
Newsletters
AP QUIZZES
SECTIONS
2026 Elections Election Results Election calendar White House Congress Supreme Court The latest AP-NORC polls
TOP STORIES
- Trump orders new signs outside Smithsonian saying some exhibits are inaccurate
- Trump administration admits grants for clean energy were canceled based on politics
- Supreme Court litigator gets 6 years in prison for tax evasion case after gambling millions on poker
Newsletters
Ground Game\ \ Your guide to the biggest stories in politics, policy and U.S. elections.
SECTIONS
FIFA World Cup NFL MLB WNBA Tennis NBA Golf NHL
TOP STORIES
- Former Cowboys QB Tony Romo arrested on suspicion of operating a vehicle while under the influence
- Scrutiny of WNBA intensifies as mounting discord around the league looms over All-Star festivities
Newsletters
The Sports Wire\ \ Get AP’s in-depth sports reporting tailored to your interests.
SECTIONS
Movies Fashion Television Celebrity Interviews Music Books
TOP STORIES
Newsletters
SECTIONS
Tariffs Inflation Financial Markets Financial Wellness Technology
TOP STORIES
-
Americans rewire their grocery shopping routines while digesting the biggest price jump in 50 years
-
The 'rockets and feathers' effect: Inflation eases but grocery bills do not
SECTIONS
Space Animals The Ancient World Climate Medicine
TOP STORIES
TOP STORIES
-
Raccoon goes on drunken rampage in Virginia liquor store and passes out on bathroom floor
-
Viral phenomenon in Argentina has young people identifying themselves as animals
-
Chicken wings advertised as 'boneless' can have bones, Ohio Supreme Court decides
-
Ghana's fantasy coffins are a colorful celebration of life and legacy
-
Fatou, the world's oldest gorilla living in captivity, celebrates her 69th birthday at Berlin Zoo
-
Lettuce introduce you to the live frog found in this grocery store salad bag
SECTIONS
Trending Better health At home Working well For the climate Eating well
TOP STORIES
-
Being a night owl may not be great for your heart but you can do something about it
-
Biking to work: Tips to get started, stay safe and look presentable when you arrive
-
Cut the number of choices you make each day. Your brain will thank you
SECTIONS
TOP STORIES
- One frame captures a mother’s anguish during a search through a collapsed building in Venezuela
- At the Kaaba during Hajj, a photographer captures sense of unity and devotion
- How a photographer captured the speed and danger of Pamplona’s bull run
Newsletters
SECTIONS
Indigenous peoples and climate Climate Questions Climate Migration India Focus
TOP STORIES
-
Heat dome expands across the central United States, creating dangerous conditions for millions
-
As Lake Powell shrinks, marinas are having to adapt to dwindling water levels
TOP STORIES
-
Outbreak of diarrhea-causing parasite linked to 4 more states
-
US health officials are investigating a new outbreak of a diarrhea-causing parasite
-
Salmonella outbreak tied to eggs has sickened 98 people since November
-
There are already more US measles cases this year than in all of 2025
-
Being a night owl may not be great for your heart but you can do something about it
-
As demand for GLP-1 pills and shots surges, healthy habits are still key
SECTIONS
Artificial Intelligence Social Media
TOP STORIES
-
One Tech Tip: Don't use rice for your device. Here's how to dry out your smartphone
-
Young people are turning to old-school hobbies to get off their phones
-
As gas plants rise to power AI, renewable energy allies are fighting for cleaner alternatives
SECTIONS
Food & Recipes Gardening Fashion Homes Travel Pets
TOP STORIES
-
How the lighthearted social media trend of 'teen takeovers' took a serious turn
-
Cut the number of choices you make each day. Your brain will thank you
-
The bagel’s journey from Jewish immigrant food to American breakfast staple
TOP STORIES
- Replica of the Virgin Mary’s House draws Catholic devotees in the Philippines
- This Pittsburgh rabbi led the Tree of Life through its darkest days. Now, he says goodbye
- Orthodox monks are the first to live and pray at a monastery in Estonia for 80 years
Newsletters
World of Faith\ \ Comprehensive global coverage of how religion shapes our world.
SECTIONS
TOP STORIES
-
Trump ordena nuevos aranceles sobre 60 países ante el vencimiento de gravámenes anteriores
-
Descubren 8 muertos en una casa incendiada en Michigan, algunos de ellos con heridas de bala
-
EEUU ataca otro buque mercante que intentaba romper el bloqueo de los puertos iraníes
-
MORE
Search Query Submit Search
Show Search Menu
Submit Search
America In Focus: New tariffs, soaring gas, mortgages and a down week for Wall Street
America In Focus: New tariffs, soaring gas, mortgages and a down week for Wall Street
1 of 3 | President Donald Trump speaks with Canadian Prime Minister Mark Carney, right, at a working lunch with leaders of G7 and the Middle East in Evian-les-Bains, France, Tuesday, June 16, 2026. (Evelyn Hockstein/Pool Photo via AP,File)
Read More
2 of 3 | Patrick McKeon works on the floor at the New York Stock Exchange in New York, Monday, July 6, 2026. (AP Photo/Seth Wenig)
Read More
3 of 3 | A job seeker waits to talk to a recruiter at a job fair Aug. 28, 2025, in Sunrise, Fla. (AP Photo/Marta Lavandier, File)
Read More
America In Focus: New tariffs, soaring gas, mortgages and a down week for Wall Street
1 of 3 | President Donald Trump speaks with Canadian Prime Minister Mark Carney, right, at a working lunch with leaders of G7 and the Middle East in Evian-les-Bains, France, Tuesday, June 16, 2026. (Evelyn Hockstein/Pool Photo via AP,File)
Read More
1 of 3
President Donald Trump speaks with Canadian Prime Minister Mark Carney, right, at a working lunch with leaders of G7 and the Middle East in Evian-les-Bains, France, Tuesday, June 16, 2026. (Evelyn Hockstein/Pool Photo via AP,File)
Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. Share
Share
- Copy
Link copied
Read More
2 of 3 | Patrick McKeon works on the floor at the New York Stock Exchange in New York, Monday, July 6, 2026. (AP Photo/Seth Wenig)
Read More
2 of 3
Patrick McKeon works on the floor at the New York Stock Exchange in New York, Monday, July 6, 2026. (AP Photo/Seth Wenig)
Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. Share
Share
- Copy
Link copied
Read More
3 of 3 | A job seeker waits to talk to a recruiter at a job fair Aug. 28, 2025, in Sunrise, Fla. (AP Photo/Marta Lavandier, File)
Read More
3 of 3
A job seeker waits to talk to a recruiter at a job fair Aug. 28, 2025, in Sunrise, Fla. (AP Photo/Marta Lavandier, File)
Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. Share
Share
- Copy
Link copied
Read More
Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] Updated 10:10 AM EDT, July 25, 2026
Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. Share
Share
- Copy
Link copied
The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses.
Here’s a snapshot of prominent economic data and news that occurred over the past week and what it potentially means for you.
Trump tariffs expire, administration puts new tariffs in their place
President Donald Trump is going ahead with new double-digit tariffs on dozens of U.S. trading partners just as the clock ran out Friday on stopgap levies he imposed after a stinging defeat at the Supreme Court.
The United States will slap taxes of 10% to 12.5% on imports from 60 trading partners accounting for 99% of U.S. imports, charging that they have inadequately enforced bans on goods produced by forced labor.
The new tariffs will take effect just as temporary 10% worldwide tariffs expire at 12:01 a.m. Friday. Trump had turned to those temporary levies after the Supreme Court struck down his biggest and boldest tariffs in February.
Crude prices soar, gas follows with a gallon spiking above $4
Global crude prices leapt above $100 per barrel this week for the first time in two months and gasoline in the U.S. moved sharply higher.
U.S. gas prices rose above $4 a gallon Monday and continued to rise throughout the week as the U.S. and Iran launched more attacks.
According to motor club federation AAA, the national average for a gallon of regular gasoline rose to $4.11 on Friday, almost a dollar more than at this time last year and about 12 cents more than just last week.
Drivers in some states have been paying well over $4 a gallon for a while now. Prices vary between states due to factors ranging from nearby supply to differing tax rates.
Related Stories
US unemployment aid filings drop to lowest level in more than five decades
U.S. applications for jobless benefits tumbled to the lowest level in more than five decades last week as layoffs remain historically low despite global economic uncertainty.
The number of Americans applying for unemployment benefits in the week ending July 18 declined by 22,000 to 187,000, the Labor Department reported Thursday. That’s the fewest number of weekly applications since the week ending Sept. 6, 1969, according to Labor Department data.
It’s also well below the 215,000 new applications forecast by analysts surveyed by the data firm FactSet.
Weekly filings for unemployment benefits are considered a proxy for layoffs and are close to a real-time indicator of the health of the U.S. job market.
Average 30-year US mortgage rate climbs to highest level in nearly a year
The average long-term U.S. mortgage rate climbed this week to its highest level in nearly 12 months, pushing up borrowing costs for prospective homebuyers at a time when rising oil prices are already squeezing household budgets.
The benchmark 30-year fixed rate mortgage rate rose to 6.58% from 6.55% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.74%.
Sign up for Morning Wire: Our flagship newsletter breaks down the biggest headlines of the day.
Email address
Sign up
By checking this box, you agree to AP's Terms of Use and acknowledge that AP may collect and use your data pursuant to our Privacy Policy.
The rate has ticked higher three weeks in a row. Higher mortgage rates can add hundreds of dollars a month in costs for borrowers, limiting homebuyers’ purchasing power. As rates rise, that can lead prospective home shoppers to delay buying a home, one reason U.S. home sales have been sluggish this year.
Borrowing costs on 15-year fixed-rate mortgages, often sought by borrowers refinancing a home loan, also rose this week. That average rate increased to 5.96% from 5.93% last week. A year ago, it was at 5.87%, Freddie Mac said.
Wall Street declined this week while uncertainty abounds
U.S. markets declined this week, with stocks mixed on the final day of trading.
A number of notable companies, from Tesla and Google, to American Airlines, tumbled after posting largely positive quarterly results. The problems ranged from higher spending to cautions expectations for the rest of the year.
Also, heavy fighting in the Middle East again threatened to slow the global flow of oil and gas.
Brent crude, the international standard, jumped this week, as did U.S. benchmark crude. Before the Iran war began in late February, Brent crude was trading around $72 per barrel.
Another Ford recall
Ford Motor Co. recalled more than half a million Broncos because a wiring harness in the engine compartment can short circuit and increase the risk of fire.
Ford said that 565,691 Ford Broncos and Bronco Raptors, model years 2021-2026, are included in the recall. The automaker estimates that around 1% of those vehicles have the wiring harness defect. Ford said it is not aware of any reports of accidents or injuries related to the issue.
The problem is caused by insufficient protection on the wiring harness which can lead to exposed wires and short circuiting.
The Detroit automaker is far outpacing is peers with recalls this year.
Read Original at AP News →