Trump has created a ‘trickle up’ tariff economy that means U.S. companies aren’t done hiking consumer prices over import taxes

U.S. companies are passing on the costs of import tariffs to consumers, according to a Federal Reserve of New York report. Nearly half of service firms and manufacturers plan to raise prices due to these tariffs, illustrating a "trickle up" effect where businesses shift the financial burden onto customers. This strategy could have broader implications for inflation and consumer spending, potentially leading to higher costs for everyday goods and services. The move highlights how trade policies directly influence pricing strategies and economic conditions.