US Edition
"No choice but to raise prices" tariffs squeeze businesses as White House hails inflation data
Tariffs reaching up to 60% are pushing businesses to increase prices despite stable inflation and declining costs in fuel and food, analysts say businesses may soon pass on 70% of these costs.
- Following new CPI figures, the White House reported inflation remained stable last month, with declines in fuel and food prices and the slowest shelter cost growth since 2021.
- Hassett said, `I think, clearly you can say: yes, we are seeing an uptick in tariff exposed goods`, as tariffs impact businesses.
- Citing a Goldman Sachs analysis, Groundwork Collaborative noted an uptick in tariff-exposed goods and that businesses currently eat some tariffs, with expectations to pass through more costs.
- He added Hassett `It's not nothing to pay that tariff, and we just really have no choice but to raise prices` after stating `We've held off on big price increases, but there's not that much more we can do to keep those from happening`.
- That could influence the next interest rate decision in September, as core inflation excluding food and gas remains above the Federal Reserve's target.
27 Articles
27 Articles
Key inflation gauge sped up in July as companies grappled with tariffs - Hawaii Tribune-Herald
NEW YORK — A key measure of underlying inflation rose in July as businesses grappled with President Donald Trump’s tariffs, although the overall increase was most likely not significant enough to deter the Federal Reserve from lowering interest rates at its next meeting.
‘Inflation beats market expectations again’: White House touts CPI report amid Trump tariff showdown
The White House touted fresh economic data after US inflation remained stable in July. Press Secretary Karoline Leavitt said the latest Consumer Price Index (CPI) report shows inflation beating market expectations yet again, underscoring President Trump’s commitment to lowering costs for American families and businesses.
Good News! Business Applications Booming As Inflation Remains Calm (No Negative Impacts From Tariffs)
Let the good times roll! Booming business applications under Trump and calm inflation. The latest inflation report continues to show no negative impact from tariffs. Core goods prices were up 0.2% in July. They are up just 1.1% over the past 12 months and are actually up a lesser 0.8% since President Trump began phasing in tariffs. Business applications are booming under Trump’s economy. While consumer prices are calm (2.7% YoY). Shelter inflati…
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