Trump's tariffs may accelerate inflation in the United States

According to analysts, the increased duties of President Donald Trump have so far had a limited impact on the economy, but the effect will increase in the coming months. Tariffs were previously predicted to raise prices and slow growth, but recent data shows moderate inflation.

Experts note that companies can gradually shift the costs associated with tariffs to consumers. In July, inflation remained relatively low, partly due to a reduction in inventories formed before the introduction of «reciprocal» tariffs, and partly due to firms taking on additional costs to protect market share.

Currently, the average level of duties in the United States is 17% and may increase if the White House introduces new tariffs on semiconductors and pharmaceuticals. Experts predict that the combination of tariffs and the strict immigration policy of the White House will keep core inflation above 3% until 2026.