US Consumers Face Rising Costs Amid Tariff and Inflation Pressures
TL;DR Summary
President Trump's tariffs, initially believed to be absorbed mainly by foreign exporters, are increasingly being paid by U.S. consumers and businesses, with estimates suggesting consumers could face up to a 75% cost pass-through, potentially pushing inflation above the Federal Reserve's target.
- Trump said foreign countries would 'eat' tariffs—but U.S. consumers and businesses will actually pay 75% at best Fortune
- US Consumers to Bear Brunt of Tariff Hit, Goldman Economists Say Bloomberg.com
- Americans are Shouldering Most of Trump's Import Taxes The Wall Street Journal
- Bad news for US shoppers: The cost of everything from laptops to cars is likely to keep rising Business Insider
- Will US inflation numbers withstand pressure from Trump? Financial Times
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