Government introduces 'affordability czar' to lower costs

The U.S. government plans to introduce an "affordability czar" to help reduce costs for groceries, cars, and housing. This initiative aims to assist working-class Americans amid rising prices due to recent tariffs on imports from China, Canada, and Mexico. Treasury Secretary Scott Bessent stated that the czar will focus on five to eight key areas to lower expenses for consumers. This comes as inflation remains a concern, despite recent stabilization in price increases. President Trump’s tariffs, particularly a 10% levy on Chinese imports, are expected to raise household costs. China has responded with its own tariffs and plans to challenge the U.S. at the World Trade Organization.