The Impact of Trump’s Tariffs on Inflation Should Not Be Underestimated, July May Reveal the Real Effects
According to a report by Jinse Finance, data released by the U.S. government this week shows that prices for common imported goods such as furniture, sporting goods, and home appliances saw their largest increase in years in June. However, price declines in automobiles and certain service categories largely offset these gains, keeping the overall inflation rate stable. As inventories are depleted and stricter tariffs from Trump approach, businesses are facing further upward pressure on prices. Forecasters still expect tariffs to drive inflation higher in the coming months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Mainland Cryptocurrency Scams Spread to Hong Kong, 118 Victims Lose Approximately HK$3.2 Million
ADA Market Cap Surpasses $30 Billion
Trending news
MoreCrypto prices
More








