Tariff Trauma: The Ongoing Squeeze on American Consumers The Trump administration's tariff policies have long been contentious, but new data from the Federal Reserve of New York reveals that US companies are far from done raising prices in response to these levies.
According to recent regional business surveys, 47% of service firms and 44% of manufacturers plan to hike prices over the next six months.
This outcome is not unexpected, as tariffs aim to increase costs for importers, which can then be passed on to consumers.