Economists warn U.S. Consumers to prepare for inflation despite Trump’s trade deals

The U.S. Has implemented a 15% tariff on imports that may lead to increased costs for consumers. President Trump indicated that tariffs could increase if trade deals are not finalized by August 2025, urging businesses to brace for potential price hikes.

Economists warn that consumer prices for goods like clothing and electronics could rise significantly, with estimates suggesting increases of up to 40% for certain imports. Companies are already adjusting their prices in anticipation of these tariff impacts.