Reported about 17 hours ago
A recent survey by the New York Fed reveals that many businesses in New York and northern New Jersey are passing on tariff costs to customers due to President Trump's import taxes. Some companies are fully transferring these costs, while others only partially absorb them. Customers are being informed of price increases as businesses cite tariffs for the hikes. The overall average tariff on imported goods has reached 15.6%, leading to concerns about the impact on household budgets and everyday prices.
Source: YAHOO