Economic indicators this week have showed new effects of President Donald Trump's tariffs. For American consumers, there could still be price hikes ahead, from groceries to clothing to vehicles.

Washington

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

Global Tariffs

Recent economic indicators, including the Producer Price Index, show that tariffs are contributing to higher costs for U.S. importers, which are largely U.S. businesses. Although tariffs are not directly included in the index, they are a significant factor behind recent price increases. Research from Goldman Sachs suggests that businesses are likely to pass these higher costs on to consumers, leading to further price hikes.

Consumer sentiment has declined, according to new data from the University of Michigan, while credit card spending has reached its highest level since January. The analysis indicates that tariffs can negatively affect both businesses and consumers, especially small businesses that may have to absorb costs, reducing their ability to spend elsewhere in the economy.

Who is paying the high cost of tariffs?

WE'RE FOLLOWING THE ECONOMIC INDICATORS THAT SHOW THE IMPACT OF TARIFFS. AND THIS WEEK, WE TALKED ABOUT THE PRODUCER PRICE INDEX, WHICH TRACKS CHANGES IN SELLERS' PRICE POINTS. IT SURGED UNEXPECTEDLY. SCRIPPS NEWS BUSINESS AND TECH CORRESPONDENT MARA BARRETT IS LIVE FOR US IN CHICAGO. MARA, WHAT DOES THIS MEAN FOR CONSUMERS? Well, Del, the producer price index, or what's known as PPI, doesn't explicitly include tariffs, but it is one of several factors that we've been watching that pretty much proves that these price increases we're seeing are tied to the surging costs of taxes that importers are paying. And so for American consumers, this means that there's still higher price hikes ahead. All eyes are on inflation indicators as President Donald Trump's tariffs ripple through the supply chains that bring us everything from groceries to clothing to vehicles. I think the evidence is that there's been a lot of inflationary activity in the last couple of years, and I think it's a good thing that there's been a lot of inflationary activity in the last couple of years, and I think it's a good thing that there's been a lot of inflationary activity in the last couple of years, and I think it's a good thing that there's been a lot of inflationary activity in the last couple of years, and I think it's a good thing that there's been a lot of inflationary activity in the last couple of years, and I think the evidence is pretty much clearly showing that it is the importer that is bearing the cost of the tariffs. And right now, that is largely U.S. businesses. Despite the president insisting he wants big businesses to eat the costs of tariffs, new Goldman Sachs research projecting businesses will pass on higher price increases come fall. President Trump doubling down on social media, saying tariffs haven't caused any problems for America. It's a good thing that there's been a lot of inflationary activity in the last couple of years, and I think it's a good thing that there's been a lot ways that this is a social society, a highly competitive society with tremendous prices. I mean we're not trying to do it New data Friday from the University of Michigan shows consumer sentiment Treinen 5% in August the first downturn in four months. But credit card spending is up its highest since January. According to a Most concerning in that analysis. A widening gap between the 2.5% and 3.5% in August. So this is an example of how tariffs can be harmful for both businesses and consumers. If businesses, especially small ones are absorbing these costs. And that's money that they're not spending elsewhere in the economy down. It's good for his business and tech correspondent Mara Barrett live for us. More as always, we thank you and we

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Jerusalem

Middle East Conflict

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Who is paying the high cost of tariffs?

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Global Tariffs