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Federal President Jerome Powell, President Donald Trump said that the tariffs are larger than expected and increased the risks of inflation.
A new report by Federal reserve U.S. enterprises showed that increasing costs due to tariffs expecting to take a long time to take a long time.
On Wednesday, the federal reserve issued the latest issue of Beige book, which summarizes economic conditions in 12 regional districts of the Fed. Uncertainty on international trade policy is concerns about the “spread” and the tariffs of imported goods Donald Trump The global trade has increased in the effort to redistribute, causes costs for companies and consumers in the same way.
“Most districts said they expect the increase in the rise in the rise as a result of tariffs. Many companies have already reported the cost of suppliers,” said Fed’s National Summary. “Firms reported shortening the price horizons to calculate tariff losses or calculating indefinite trade policy.”
“Most enterprises are expected to exceed additional expenses. In addition, due to increasing costs, the costs increased due to increased costs for consumer companies.
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Tariffs are taxes to import goods imported by importers that receive higher prices at higher prices. (Through Sam Wolfe / Bloomberg Getty Images / Getty Images)
In the Boston region, the Fed noted that “retail and production contacts were the same warning The cost is growing Although the tariffs are still determined, product prices may result in a significant passsthrough. “
“Expected Passthrough rates were significant, with more than half of the manufacturers, with a lot of passthrough project, shortened their prices for a speedy regulating prices without lag,” he said.
He also noted that in the town of Boston “Travel from Canada Mutually decreased, and the relations were afraid of Europe and China, the US tariff policy could suffer as long as negative reactions. “
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Auto Dealers reported that consumers have a demand because they purchased the effects of tariffs and bought prices before lifting. (Frederic J. Brown / AFP via Getty Images / Getty Images)
The auto industry has seen a short-term push Tariff uncertaintyAccording to the report of several fed areas of the agents, consumers rushed to receive 25% of the tariffs with 25% of imports.
“Car Dealers After a slight increase in the past period, he said it was a strong increase in sales. More than one contact, sales stressed the record in March. However, our entire automotive industry contacts do not expect this push to prevent the procurement of vehicles and requirements to prevent potential tariffs.
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Homebuilders noted that due to tariffs on construction materials due to the cost. (Getty Images / Angus Mordant / Bloomberg through Getty Images)
Many Fed region, home-founders noted that tariffs will increase Construction costs and causing the demand for uncertainty.
Tariffs also affected The shipping industry. Richmond Fed said that one of the ports in the district, the monthly export transport “Unexpected and disappointed” in the monthly export transportation.
A plan of the trump administration’s auto Port call fee on Chinese ships The value pressure was also noted to support the construction of the inner ship.
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“The port contacts are probably related to their estimates, as well as tariffs, as tariffs are applied, the Chinese cranes offered in those port cranes are related to large number of port tariff documents,” he said.
