The Zhitong Finance App learned that the latest research from the New York Federal Bank shows that the tariff policy implemented by US President Trump has significantly boosted the cost of buying everyday goods for American consumers. Without relevant tariffs, the prices of various products may have declined from last year to the beginning of this year, but tariffs not only offset this trend, but they also put consumers under higher spending pressure.

The Zhitong Finance App learned that the latest research from the New York Federal Bank shows that the tariff policy implemented by US President Trump has significantly boosted the cost of buying everyday goods for American consumers. Without relevant tariffs, the prices of various products may have declined from last year to the beginning of this year, but tariffs not only offset this trend, but they also put consumers under higher spending pressure.