{
Steve Liesman

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Tariffs Could Drive New Price Increases Amid Consumer Pushback on Inflation

Consumers are increasingly pushing back against high prices, with major retailers like Target and Walmart responding by reducing prices. However, proposed tariffs from President-elect Trump could lead to new price hikes, as companies may find it easier to pass on costs to consumers than in previous years. Richmond Fed President Tom Barkin notes that while tariffs create inflationary pressure, the actual impact on prices will depend on various factors, including consumer and business responses.
CNBC
United States Dollar Target Corporation Lowe's Companies, Inc. Walmart Inc. Amazon.com, Inc. The Home Depot, Inc. USA Tom Barkin Steve Liesman Peter Navarro John David Rainey Show more
Finance & Economy, Transcript
17:57 04.12.2024
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