consumer

Economists have warned that such tariffs could drive up consumer prices as companies pass on higher costs, potentially worsening inflation and putting further interest rate cuts on hold.

The U.S. economy grew at a healthy 2.8% annualized rate in the third quarter, driven by robust consumer spending, which expanded at a 3.7% pace.

“We’re concerned that regulation in general in the FDA will be weakened under the second Trump administration, and particularly concerned about medical devices,” said Dr. Robert Steinbrook, health research group director for the consumer rights group Public Citizen.

Consumer group Which? says the legal action - which it has launched - could result in a £3bn payout if it is successful, equivalent to £70 per customer.

Public Citizen, a nonprofit consumer advocacy group, offered a far different interpretation.