Reported 1 day ago
Senator Elizabeth Warren and 15 Democratic lawmakers are calling for an investigation by the Federal Trade Commission into whether companies are using tariffs as a pretext for price gouging. They expressed concern over evidence suggesting that businesses might be taking advantage of an increasing pricing environment linked to tariffs, potentially burdening consumers. A recent survey by the Federal Reserve Bank indicates that while tariffs do add costs, some companies may be raising prices on goods not directly affected by tariffs, raising the alarm for potential exploitation amidst Trump's trade policies.
Source: YAHOO