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After a Lag, Consumers Begin to Feel the Pinch of Tariffs Companies are starting to shift more tariff-related costs onto consumers Many businesses chose to absorb the additional tax during the early days of President Trump’s trade war
Economists say US consumers are likely to see effects from . . . Trump postponed the start date for all of the changes from Friday until Aug 7 Tariffs are a tax, and U S consumers are likely to foot at least part of the bill The Budget Lab estimated that prices will increase 1 8% in the short term as a result of the trade war the U S waged this year
US tariffs impact consumer spending | Deloitte Insights Consumer sentiment has seen a drop, amid uncertainty regarding a final US tariff structure The May'25 Economics Insider delves deep into the likely effects of this uncertainty, and tariffs in general, on consumers' purchasing power this year