The impact of Trump's tariffs on inflation cannot be underestimated. July may begin to see the real story
2025-07-17 19:55:34
Prices of common imports such as furniture, sporting goods and appliances rose the most in years in June, according to government data released this week. Those gains were largely offset by lower prices for cars and some service categories, keeping headline inflation flat. Companies are under further pressure to raise prices as inventories run out and Mr. Trump's tougher tariffs loom. Forecasters still expect tariffs to push inflation higher in the coming months.
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