Trump, Tariffs
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With inflation back on the rise, keeping track of specific products for price changes can help give you a clearer picture of where things stand.
After President Trump said that tariffs could be set at a baseline level of 15%, economists projected that consumer prices would rise.
People overseas have so far paid very little for tariffs, with Americans bearing the brunt of the cost, per Deutsche Bank.
In a research note, Deutsche Bank analysts contradicted the White House’s assertions that foreign exporters are on the hook for Trump’s tariffs.
Manufacturers and dealers are ramping up discounts and incentives, helping to grease the wheels on transactions but also eating into profit margins.
But for many foreign companies, the slide in the US dollar has incentivized them to raise their invoice prices to compensate, according to Wells Fargo. And Deutsche Bank’s Saravelos said the pressure on US firms so far to bear tariff costs is another headwind for the greenback, which is already on its worst start to a year since the 1970s.
The tariff-driven inflation that economists feared begins to emerge after President Donald Trump's sweeping moves.