How Trump's Trade Moves Might Be Hitting Your Wallet

Prices in the US are going up. In June, the cost of living rose by 0. 3%, making the yearly increase hit 2. 7%. This is the highest it's been in four months. Experts expected this rise, especially because gas prices went up. But it's not just gas. Other goods are getting more expensive too, thanks to tariffs. Tariffs are taxes on imports. President Trump has been putting these taxes on many goods coming into the US. This has made businesses unsure about how much they'll need to charge for their products. So far, inflation hasn't gone crazy. This is because of a few reasons. Housing costs are going down, gas prices have dropped, and businesses bought lots of stuff before the tariffs kicked in. But don't think this is the end of it. Experts say the real impact of tariffs will show up later. Businesses have been using up their old stock. Soon, they'll have to buy new stuff with the tariffs added. That means higher prices for us. Some items are already getting more expensive. Toys, appliances, and sporting goods are just a few examples. Even things like windows and floor coverings saw a big jump in June. This is a record high for that category. Tools and video equipment are also getting pricier. Stocks didn't react much to this news. The Dow went down a bit, the S&P 500 stayed flat, and the Nasdaq went up. Experts say it's good that inflation is not out of control. But they also warn that this is just the beginning.