Higher-than-expected tariffs are quietly fueling inflation in the US, with economists warning of further price hikes in the coming months. Although inflation rates didn’t spike in June, rising trade barriers appear to be taking their toll on American consumers. The effects of these tariffs will likely become more pronounced in the near term, making it essential for Americans to monitor and prepare for potential increases in prices.
Source: https://www.barrons.com/articles/tariffs-inflation-effects-worsening-df513bae