You’ve probably noticed prices creeping up at the store. Economist Michael Strain, director of economic policy studies at the American Enterprise Institute, says tariffs are to blame for an accelerating rise in core inflation in the U.S. economy.
Core inflation—which strips out volatile food and energy costs—is already above the Federal Reserve’s 2% target, and Strain warns it's getting worse. Tariff-charged goods like electronics, machinery, and building materials have seen some of the steepest price jumps.
Strain forecasts that we haven’t yet felt the full impact of tariffs on prices. He expects more evidence of tariff-driven inflation in the coming months as import costs work their way through supply chains.
For young global citizens, entrepreneurs, and travelers, these inflation trends can shape everything from budgeting for a coffee abroad to planning startup costs. Understanding the link between trade policy and everyday prices offers a clearer picture of the choices facing policymakers and global consumers alike.
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Tariffs fueling accelerating inflation in U.S. economy, economist says
cgtn.com
