NY Fed Survey shows businesses that accept tariff expenses at prices for consumers

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This Federal reserve New York’s bank recently released a survey of enterprises or all of the higher tariffs for consumers at higher prices.

The New York Fed was a survey on the New York and North New Jersey region of May 2-9, and most of the enterprises went to customers at least higher prices for higher tariffs. This is about 30% for all companies, which imported a number of goods, about 90% of producers, about three-thirds of three-thirds of the services.

The average rate of average tariffs paid for the import of producers is about 35%, an increase in an increase of about 25 percent six months ago; Service firms reported 26% in the last six months, the average tariff rate of 17 points. Most of these companies passed on some or all of them and increased prices to customers The cost of higher tariffs.

“Along with the fact that in the tariff service sectors in both production and service sectors, at least increasing the higher costs in the tariff service sectors, at least increased the higher costs,” New York fed.

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Container ship with New York City Skyline

The New York Fed found that most companies have passed all the highest tariffs or all the costs of customers. (Spencer Platt / Getty Images)

“About three-thirds of manufacturers and about 45% of service firms were fully reported pass through The cost of all tariffs is growing, and 45% of manufacturers have not been all three of the service companies, there are no costs.

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Car production

Manufacturers have seen prices in the input goods used to produce finished products and rise due to tariffs. (Through Emily Elconin / Bloomberg Getty Images)

Firms that increase their prices due to tariffs, more than half of both production and service companies in this category, and many have increased prices within each other or many weeks. The other quarter quarters or for this is that they have raised their prices or for it, they have increased their expenditures in three months or planned to do so.

The New York Fed’s survey was completed before the president’s temporary reduction Donald Trumps Before 145% of tariffs to 30% and before the court decisions of his tariff measures.

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Port of miami

Tariffs stopped supply chains because firms look to transfer source entries from certain transactions or other localities. (Through Getty IMAGS via Isa Orte / Anatolia)

There are these queues in trade policy Created uncertainty They have enterprises in terms of future tariffs and effects.

“The businesses who looked upon the future expressed a lot of uncertainty about the future of future tariffs. In the early May, the next few months or expected tariffs were expected to be highly expected to be expected to be higher.

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