MarketPR
New research from the Federal Reserve Bank of New York indicates that President Donald Trump's tariffs have increased the cost of products manufactured in the United States.
The study estimates that these trade policies added approximately 2.9 percentage points to prices across the consumer goods examined.
The Federal Reserve Bank of New York found that prices for many everyday goods would have fallen by early 2026 without the implementation of the tariffs. Instead, prices rose during this period.
The researchers determined that roughly two-thirds of the tariff-related price increase originated from imports, while about one-third stemmed from goods produced domestically.
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