US Edition"No choice but to raise prices" tariffs squeeze businesses as White House hails inflation data
Tariffs reaching up to 60% are pushing businesses to increase prices despite stable inflation and declining costs in fuel and food, analysts say businesses may soon pass on 70% of these costs.
- Last month, U.S. Department of Labor data showed stable inflation and CPI increases in July, with the White House highlighting declines in fuel and food prices.
- Facing rising tariffs, Alex Jacquez noted an uptick in tariff-exposed goods and said businesses are absorbing 50-60% of costs, planning to pass through up to 70%.
- Groundwork Collaborative noted an uptick in tariff-exposed goods, citing a Goldman Sachs analysis that businesses eat 50% of tariffs but expect to pass through more than 1.1%.
- He added Hassett `We've held off on big price increases, but there's not that much more we can do to keep those from happening`, emphasizing limited options due to tariffs.
- That could influence the next interest rate decision in September, as inflation excluding food and gas remains above the Federal Reserve's target.
26 Articles
26 Articles
‘Inflation beats market expectations again’: White House touts CPI report amid Trump tariff showdown
The White House touted fresh economic data after US inflation remained stable in July. Press Secretary Karoline Leavitt said the latest Consumer Price Index (CPI) report shows inflation beating market expectations yet again, underscoring President Trump’s commitment to lowering costs for American families and businesses.
Good News! Business Applications Booming As Inflation Remains Calm (No Negative Impacts From Tariffs)
Let the good times roll! Booming business applications under Trump and calm inflation. The latest inflation report continues to show no negative impact from tariffs. Core goods prices were up 0.2% in July. They are up just 1.1% over the past 12 months and are actually up a lesser 0.8% since President Trump began phasing in tariffs. Business applications are booming under Trump’s economy. While consumer prices are calm (2.7% YoY). Shelter inflati…
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