Consumers Likely to Shoulder Most of the Tariff Costs
TL;DR
New inflation data shows U.S. importers are bearing the costs of tariffs, which are likely to be passed on to consumers, as wholesale prices and profit margins increase amid record tariff revenue, raising concerns about future price hikes across industries.
- Customers look set to bear the tariff cost burden Axios
- Goldman stands by call that consumers will bear the brunt of tariffs after Trump blasts bank's economist CNBC
- Goldman Sachs doubles down on tariff research that infuriated Trump, saying average Americans will bear two-thirds of the costs Fortune
- Layoffs? Price Increases? Companies Make Hard Choices as Trump’s Tariffs Set In. The New York Times
- Household budgets could feel a tighter squeeze with new round of tariffs WWBT
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