Feb 18 (Reuters) - One in five Americans have said they are purchasing more items than usual primarily due to concerns over President Donald Trump's tariffs, a CreditCards.com report, opens new tab showed on Tuesday, reflecting heightened consumer anxiety over potential price hikes and economic uncertainty.
Tariffs tend to be inflationary because they raise the cost of imported goods, prompting businesses to either absorb the higher expenses or pass them on to consumers through price increases. It can lead to broader inflationary pressures as production costs rise across industries that rely on foreign materials and components.
Is Trump trying to cause a depression so he can declare martial law?
Tariffs tend to be inflationary because they raise the cost of imported goods, prompting businesses to either absorb the higher expenses or pass them on to consumers through price increases. It can lead to broader inflationary pressures as production costs rise across industries that rely on foreign materials and components.
Is Trump trying to cause a depression so he can declare martial law?
