Tariffs on Chinese Goods Drive US Inflation Concerns

New studies and expert analyses reveal that tariffs on Chinese goods are contributing to rising prices for American consumers, with DataWeave data showing that products made in China and sold on Amazon are increasing in price faster than overall inflation. Amazon CEO Andy Jassy claims that company mitigation strategies have minimized price hikes, though evidence suggests tariffs are driving inflationary pressures. Federal Reserve Bank of Atlanta President Raphael Bostic warned that the full impact of these tariffs has yet to be realized and that further price increases are likely as companies gradually pass on higher costs. Bostic emphasized that the inflationary effects of tariffs are persistent and not merely a one-off shift, posing risks to business and household expectations. The Bank for International Settlements also cautioned that rising US inflation, fueled by protectionist trade policies, could destabilize the global economy. These developments threaten consumer confidence and spending, both crucial to US economic growth.