Many posts have dealt with tariffs and trade.
Emily Peck and Joann Muller at Axios:
Where it stands: Reality is biting. At the beginning of the month, the U.S. started levying tariffs of about 15% on dozens of countries. That was on top of China tariffs of 30%.Companies are "coming to the point where their margins are getting squeezed and they need to start passing that onto consumers," Beth Hammack, president of the Federal Reserve Bank of Cleveland, told CBS News earlier this month.
Zoom in: Home Depot had been able to maintain prices on imported products because they'd stockpiled before tariffs took effect. But now, the company expects "modest price movement in some categories" (corporate speak for price increases), an executive said on a call with investors Tuesday. Last month, Procter & Gamble, maker of toothpaste, laundry detergent, etc., said that it would raise prices in August on about a quarter of its products as a result of tariffs.
What to watch: The auto industry could be next. New vehicle prices have been mostly flat as automakers have eaten the cost of tariffs.
