US EditionTariff Impact on Consumer Prices Could Hit This Summer, Economists Warn
- President Trump enacted sweeping tariffs since February 1, 2025, targeting about 90 countries with some paused temporarily until July 8.
- These tariffs raised America's effective tariff rate from 2.3 percent to 14.1 percent, leading economists to predict a delayed inflation surge later this year.
- Retailers like Walmart and Target plan price increases due to tariff pressures, while inventories and warehouse costs have buffered consumer price spikes for now.
- Goldman Sachs forecasted core goods inflation could reach 6.3 percent this year with consumer prices rising 3.7 percent by early 2026, while Federal Reserve Chair Powell noted some tariff costs fall on consumers.
- The tariff-related inflation concerns combined with geopolitical tensions and oil price volatility imply potential summer price rises despite recent low core inflation readings.
14 Articles
14 Articles
Langer: How Trump can cut prices amid a trade war
As America’s trade war escalates, voters are worried about one thing above all: rising prices. An Associated Press poll shows just 36% approve of the president’s handling of the economy. Many are saying there is no longer a path forward for the president to keep his campaign promise of reducing inflation. However, this is far from the case. Even with the tariffs in place, the administration can still drive inflation down by cutting through regul…
Céline Weber, National Councillor of the Green Liberals, talks about the importance of Switzerland's relations with its neighbours and the blow Trump wants to bring to the Swiss economy.Céline Weber, National Councillor of the Green Liberals, talks about the importance of Switzerland's relations with its neighbours and the blow Trump wants to bring to the Swiss economy.céline weberOn 3 April, Switzerland learned with dismay of the tariffs that t…
Tariff countdown triggers shopping spree: Americans rush to buy key goods before Donald Trump’s trade war hits their wallets
Donald Trumps tariffs have sparked a massive shopping rush across the U.S. as Americans scramble to buy essentials like shoes, coffee, furniture, and cars before prices spike. With new reciprocal tariffs hitting imports hard, experts warn that common items will soon cost much more. From avocado lovers to car buyers, everyones feeling the urgency. Trump says its a win for America, but many fear this trade move could hit wallets harder than expect…
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- 60% of the sources lean Right
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