Although tariffs’ impact on consumer prices has been modest thus far, “the day of reckoning is finally upon us, and many [U.S. businesses] are planning price adjustments this summer, likely beginning in July.”
“Strategic uncertainty,” keeping counterparties in the dark about America’s desired endgame to help secure better deals, is causing problems for everyone trying to map a path forward—from businesses to central banks.
“With 32% of appliances and 30% of softwood lumber coming from international trade, uncertainty over the scale and scope of tariffs has builders further concerned about costs.”
