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Tariffs starting to impact consumer prices, analysis finds

CBS America · Recent
CBS America
CBS America
Recent

A new analysis shows that President Trump's tariffs are starting to have an impact on businesses and consumers. The St. Louis Federal Reserve found that companies passed 35% of tariff costs onto shoppers early this summer.

Breakdown
  • Federal Reserve analysis finds 35% of tariff costs passed to consumers. 4s
  • Goldman Sachs projects up to 55% of tariff costs could be transferred to shoppers. 12s
  • Tariffs contributed 0.4 percentage points to a 2.9% rise in consumer goods prices. 41s
  • Imported goods like furniture and autos are most affected by tariff-related price increases. 1m 1s
  • Retailers initially offset price hikes by importing goods early, but further increases are expected. 1m 31s
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Global Tariffs

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.