Sneakflation: How Trump's Tariffs Are Gradually Raising Costs for American Consumers
Trump's tariffs are gradually raising costs for American consumers as a result of 'sneakflation,' where the added costs are often passed on to US businesses and ultimately, American consumers.
President Trump's tariffs on imported goods have led to a phenomenon known as 'sneakflation,' where costs for American consumers gradually increase without being overtly noticed, as prices of everyday items like electronics and clothing are quietly rising due to the added fees. While the US claims foreign countries and businesses are absorbing the cost, research suggests otherwise, with many Americans ultimately passing on the expense. The cumulative effect of these tariffs is having a noticeable impact on consumer spending power and purchasing decisions. As the trade tensions continue, consumers may find themselves facing increased prices for essential goods.
