President Trump has said that tariffs won’t lead to higher prices. But the United States economy seems to disagree: Inflation, which has remained fairly tame, is slowly creeping up because of tariffs.
Trump’s latest round of higher taxes on imports, which went into effect Thursday, will immediately make imported goods from impacted countries more expensive in the United States.
And while businesses have tried to shoulder part of the cost, they now may be forced to pass along some of those expenses to consumers. That means higher prices for Americans.
Here’s what could get more expensive:
Computers and other electronics
Computers are among the top goods the United States imported last year, according to U.S. Commerce Department data. The top countries that exported computers and other