Reported about 12 hours ago
Trump's tariffs on imported goods are leading to rising costs for American consumers, despite his claims that foreign countries are bearing the brunt of these tariffs. Evidence shows that U.S. consumers and businesses are absorbing a significant portion of the tariff costs, which are projected to increase. Research indicates that over time, these costs will likely be passed down to consumers, contributing to what is being termed 'sneakflation.' As businesses navigate the economic landscape, many are expected to gradually increase prices, which could disproportionately affect lower-income households.
Source: YAHOO