The levies announced in recent weeks are certain to be passed on to consumers by importers and retailers, and will cost the average family an extra $3,800 a year, according to Yale's Budget Lab.

Professor Ueli Weidmann, Vice President for Infrastructure and Sustainability, notes: “The cost increase is primarily due to inflation, which we, like many others, faced in 2021/2022. Without this ...

on Friday. Federal Reserve Chair Jerome Powell said the Trump administration’s sweeping new tariffs are likely to push inflation higher. Getty Images “We are well positioned to wait for ...