Trump’s Tariff Policy Linked to Rising Consumer Prices, Study Reveals
New study shows Trump's tariffs increased U.S. consumer prices by 2.9% through February 2026. Americans face higher costs on everyday goods.
POLICY WIRE — New York, United States — A recent analysis has revealed that President Donald Trump’s tariff policies have led to a noticeable rise in the cost of everyday goods for American consumers.
The Federal Reserve Bank of New York reported that tariffs introduced in April 2025 caused an average 2.9% increase in prices for items such as groceries, vehicles, and furniture by February 2026. The report noted that without these tariffs, prices would have slightly declined.
Consumers are bearing the brunt of the policy, with clothing prices rising by 17.5 percentage points, coffee and tea by 10%, and furniture by 7.4% due to the trade measures. A survey found that 64% of U.S. adults believe the president has gone too far with his approach. As midterm elections draw near, ongoing inflation and high fuel prices remain key concerns for many households.
Reporting by Policy-Wire (PW)
