Trump's Tariffs and the Rising Cost of Living in America
TL;DR Summary
The article discusses how U.S. consumers and businesses are gradually bearing the costs of Trump's tariffs through increased prices, a phenomenon termed 'sneakflation,' with evidence suggesting that most tariff costs are passed on to consumers over time, despite claims that foreign exporters are absorbing these costs.
- ‘Sneakflation’: How Trump’s tariffs are gradually raising costs for American consumers CNN
- Why Tariff Inflation Is Just Starting The Wall Street Journal
- Rising Food Prices Are Likely to Continue, Thanks to Trump’s Trade Wars Rolling Stone
- 4 reasons why the Trump tariffs haven't caused U.S. inflation to soar CBS News
- America starts to feel the squeeze: What we know about tariffs and inflation Axios
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