What Exactly Has Gotten More Expensive Due to Trump's Tariffs?
Trump’s tariffs and the resulting price increases have surprised economists and consumers alike right now. Despite all the predictions about tariff inflation impact, very few items have actually become more expensive due to Trump’s trade policies at this point. The cost of imports rising was expected to cause widespread consumer price hikes, but trade policy effects remain quite limited so far. Also Read: Powell Says Trade Deals Could Open Door to July Rate Cuts How Tariff Inflation Impact Raises Consumer Costs And Trade Prices Source: Review Magazine Electronics Show Limited Price Increases from Trump’s Tariffs Fed Chair Jerome Powell on Wednesday said just a few items are growing in price as a result of tariffs, including electronics that come from China. He mentioned that PCs and A/V equipment have become more expensive because of Trump’s trade war. Research firm Telsey Advisory Group tracked 80 consumer items and found only 19 products gained in price since m...