The impact of Trump tariffs on inflation cannot be underestimated. July may begin to see the real story
Internet reports that data released by the U.S. government this week showed that the prices of common imported goods such as furniture, sporting goods, and home appliances rose by the most in many years in June. Falling prices for cars and some service categories largely offset those gains, keeping overall inflation stable. As inventories run out and Trump's stricter tariffs approach, companies face further pressure to raise prices. Forecasters still expect tariffs to push inflation higher in the coming months.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.