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It’s a Back-to-School Shopping Spree as Families Rush to Beat Tariffs

UNITED STATES, JUL 22 – Tariffs initially set by President Trump have raised core inflation by 0.2%, causing 44% of parents to plan debt use for back-to-school shopping, reports show.

  • Amid growing price concerns, Democrats are using tariff-driven inflation to challenge Trump, sharpening criticism ahead of back-to-school shopping.
  • `Liberation Day` tariff agenda was set for April 2, 2025 but the Trump administration paused higher duties for 90 days after already imposing a 10% baseline levy earlier this year.
  • By June, Goldman Sachs had pegged 60% of tariff effects as having hit the economy, raising core inflation 0.2%, and Jan Hatzius noted that an additional 1.2% hike would push PCE above 3%.
  • Intuit Credit Karma found 39% of parents can't afford back-to-school shopping this year, and 44% plan to take on debt for school supplies, up from last year.
  • Most trading partners face a 10% tariff and China 30% until August 12, 2025, and John Zoldis warned that price increases will catch up with consumers soon as retailers exhaust pre-tariff stock.
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22 Articles

CNNCNN
+9 Reposted by 9 other sources
Lean Left

It’s a back-to-school shopping spree as families rush to beat tariffs

Back-to-school shopping is already under way. And this year’s essential: avoiding tariffs.

·Atlanta, United States
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The Washington Post broke the news in on Tuesday, July 22, 2025.
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