NPR - When will tariffs start affecting American consumers? Shoppers have been informed by manufacturers and retailers that Trump’s new tariffs on nearly all imports would significantly impact their wallets. But that impact has not materialized yet, and the full blow has yet to land. Here’s what we know about why that is:
💵 Some companies began stockpiling goods as early as last winter in
hopes of avoiding new import taxes for an extended period.
💵 Many importers have responded to the president’s tariff announcements by canceling shipments or holding them abroad until the plan becomes clearer.
💵 Some suppliers and retailers who are facing higher tariffs are absorbing the new tariffs as a hit to their profits because they don’t want to pass the full cost on to shoppers.
💵 Trump’s 90-day summer pause has provided importers a new window to stockpile. Some stores are using this period to load up on goods for the holiday season to avoid painful price hikes.
💵 Many importers have responded to the president’s tariff announcements by canceling shipments or holding them abroad until the plan becomes clearer.
💵 Some suppliers and retailers who are facing higher tariffs are absorbing the new tariffs as a hit to their profits because they don’t want to pass the full cost on to shoppers.
💵 Trump’s 90-day summer pause has provided importers a new window to stockpile. Some stores are using this period to load up on goods for the holiday season to avoid painful price hikes.
NBC News - Imports from India will now face a 25% tariff, President Donald Trump said, his latest trade-war declaration in what has become a cornerstone of his second administration.
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