The U.S. tariffs on Chinese products that kicked in on Friday are specifically targeted at high-tech goods, an attempt to crack down on alleged intellectual property theft. But they could end up raising the cost of products like e-cigarettes, e-bikes, and smart home devices that are overwhelmingly used by millennials, says Axios reporter Erica Pandey.
For the full segment, [click here.](https://cheddar.com/videos/how-tariffs-on-china-could-affect-u-s-millennials)
The Federal Reserve's preferred inflation gauge ticked higher in January, a sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year.
Plant-based, non-dairy milk producers scored a win when the Food and Drug Administration issued guidance stating products like almond, oat, and soy options can be called milk.
Most Americans are worried about their finances, according to a survey. Kimberly Palmer, personal finance expert at NerdWallet, joined Cheddar News to help put Americans at ease about their spending.
