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The tariff inflation shock really got going in June. Core goods inflation (top left) was 80 bps above where it normally is at this time of year (purple). The tariff hit is most pronounced for furniture (top right) & recreation (bottom left), but apparel is hit too (bottom right).

Why have the #tariff impacts been delayed? the take from Minneapolis Fed minneapolisfed.org/article/2025/t…

Director: LA port in for a ‘bumpy ride’ as Aug. 1 tariffs loom ow.ly/xSeP106fZ7m

Donald Trump pushes for 15%-20% minimum tariff on all EU goods ft.com/content/43c98c… via @ft

site updated with Japan deal and Indonesian deal