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Tariff Impact on Consumer Prices Could Hit This Summer, Economists Warn

UNITED STATES, JUN 20 – Economists project consumer prices in the U.S. could rise to 3 percent by year-end due to tariff effects delayed by existing inventory cushions, despite stable prices so far.

  • President Trump enacted sweeping tariffs since February 1, 2025, targeting about 90 countries with some paused temporarily until July 8.
  • These tariffs raised America's effective tariff rate from 2.3 percent to 14.1 percent, leading economists to predict a delayed inflation surge later this year.
  • Retailers like Walmart and Target plan price increases due to tariff pressures, while inventories and warehouse costs have buffered consumer price spikes for now.
  • Goldman Sachs forecasted core goods inflation could reach 6.3 percent this year with consumer prices rising 3.7 percent by early 2026, while Federal Reserve Chair Powell noted some tariff costs fall on consumers.
  • The tariff-related inflation concerns combined with geopolitical tensions and oil price volatility imply potential summer price rises despite recent low core inflation readings.
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Tariffs Spell Trouble for Cans & Consumers Pay The Price

Céline Weber, National Councillor of the Green Liberals, talks about the importance of Switzerland's relations with its neighbours and the blow Trump wants to bring to the Swiss economy.Céline Weber, National Councillor of the Green Liberals, talks about the importance of Switzerland's relations with its neighbours and the blow Trump wants to bring to the Swiss economy.céline weberOn 3 April, Switzerland learned with dismay of the tariffs that t…

·Zürich, Switzerland
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World News broke the news in United States on Friday, June 20, 2025.
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