Economists estimated in 2025 that tariffs increased annual U.S. inflation by roughly 0.4 percentage points.
October 01, 2025
medium
temporal
Estimates of the inflationary impact of tariffs are model-based and reflect aggregate effects on consumer prices.
Economists commonly identify persistent trade wars and fragile trade negotiations as key risks that raise economic uncertainty.
September 23, 2025
high
general
Economic risk assessment related to international trade policy