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Research shows tariffs push prices higher for up to a year

Research shows tariffs push prices higher for up to a year
Photo: KXXV (ABC 25) News · view original

Tariffs may be hitting your wallet long after they take effect. New research from the New York Fed found that for every 1 percentage point increase in tariffs, consumer goods prices rise by about 0.25% after one year. That means a 10% tariff on all imports would push consumer goods prices about 2...

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