US Edition‘Sneakflation’: How Trump’s Tariffs Are Gradually Raising Costs for American Consumers
Goldman Sachs economists estimate that 70% of tariff costs will fall on consumers, with ongoing price increases affecting Walmart and other retailers.
- The administration has implemented tariffs as a key policy, leading to rising costs for American firms and consumers as of mid-2025.
- On August 10, Goldman Sachs economists projected that by June, American consumers had borne 22% of the costs imposed by tariffs, with this proportion expected to increase as tariffs become more embedded within supply chains.
- Research by Harvard Business School’s Alberto Cavallo shows imported goods cost 5% more and domestic goods 3% higher than pre-tariff trends by August 8, while Walmart reports weekly cost increases.
- Goldman Sachs expects about 70% of direct tariff costs will eventually fall on consumers, potentially reaching 100% including domestic price increases, while Heather Long notes retailers use 'sneakflation' to pass on costs gradually.
- These findings suggest that tariffs are increasingly affecting American consumers through higher prices, with the burden likely growing as more tariffs take effect and domestic prices rise.
11 Articles
11 Articles
Donald Turmp's 'tariff crossing' is beginning to choke distribution in the United States and the first to openly express it has not been any but the biggest retailer in the world: Walmart. He did so during the telephone conference with analysts, after presenting the results of the second quarter of his fiscal year in which he reported an increase in the profit attributed from 56.1% to 6,032 million euros (7,026 million dollars) and revised his f…
Top retailers in the United States, such as Walmart and Home Depot, recently presented their financial results and offered an overview of how they are facing the Trump administration’s increased tariffs. Although costs have risen, companies have deployed measures to contain widespread price increases and protect the consumer. YOU CAN SEE: Walmart shock: man guilty of deadly shooting sentenced to death Consumer spending remains solid So far, hous…
Tariffs ‘starting to show up’: how Trump’s strategy could increase back-to-school costs
Summer is drawing to a close and as parents and children get ready for a new school year, their first lesson will be in economics. Most of Donald Trump’s tariffs went into effect at the beginning of August. We are still waiting on a deal with China. But with school supplies so dependent on…
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