According to recent projections, the impact of reciprocal tariffs worldwide will lead to a short-term acceleration of prices by 0.71 percent. The U.S. is expected to experience the highest price index increase, estimated at 7.26 percent.

President Trump's tariffs on China have disrupted American businesses, causing price hikes and economic uncertainty. Learn about the impact on the promotional products market and broader economic indicators.

This data package includes the underlying data files to replicate the data, tables, and charts presented in Why Trump’s tariff proposals would harm working Americans, PIIE Policy Brief 24-1.

If you use the data, please cite as: Clausing, Kimberly, and Mary E. Lovely. 2024. Why Trump’s tariff proposals would harm working Americans. PIIE Policy Brief 24-1. Washington, DC: Peterson Institute for International Economics.

Tariffs have long been central tool in global trade policy. Learn how tariffs affect critical US industries, and how businesses are navigating their impacts.

This data package includes the underlying data to replicate the charts, tables, and calculations presented in The US Revenue Implications of President Trump’s 2025 Tariffs, PIIE Briefing 25-2.

If you use the data, please cite as:

McKibbin, Warwick, and Geoffrey Shuetrim. 2025. The US Revenue Implications of President Trump’s 2025 Tariffs. PIIE Briefing 25-2. Washington: Peterson Institute for International Economics.

ntroducing our retail tariff database, a comprehensive and user-friendly platform designed to provide in-depth information on retail energy tariffs in the GB market. Updated regularly and meticulously maintained, our database offers invaluable insights for a range of stakeholders, including energy retailers, economic analysts, and electric vehicle (EV) operators.

Our retail tariff database covers all types of tariffs available in the GB market and provides an extensive set of data fields, such as tariff types, rates, contract lengths, and more. The platform is designed for easy navigation and customization, allowing users to quickly access the information they need to make informed decisions.

Energy Retailers: For energy retailers, our retail tariff database is an essential tool for staying competitive in the constantly evolving energy market. By providing real-time access to the latest tariffs from competitors, our platform enables retailers to adjust their own pricing strategies and remain competitive in the market. Furthermore, the database offers valuable information on emerging trends and consumer preferences, helping retailers identify new opportunities and challenges in the sector.

Predicting Inflation: For economic analysts and professionals interested in predicting inflation, our retail tariff database serves as a rich source of data for examining the energy market's impact on consumer prices. As energy costs are a significant factor in overall inflation, our platform provides timely and granular information on energy tariffs, allowing users to better understand the relationship between energy prices and inflation. By incorporating this data into their analysis, professionals can develop more accurate predictions and provide valuable insights to policymakers and businesses.

EV Operators: For electric vehicle operators, our retail tariff database offers insights into the evolving landscape of energy pricing, which has a direct impact on the cost and attractiveness of EV charging infrastructure. By staying informed about the latest energy tariffs, EV operators can make strategic decisions regarding the location, pricing, and expansion of their charging networks. Additionally, the database can help operators identify potential synergies between energy tariffs and EV charging demand, enabling them to develop innovative business models that cater to the needs of EV users.

The imposition of a 50% tariff on US copper imports is disrupting the market, leading to decreased demand and increased reliance on stockpiles. Explore the challenges faced by traders and manufacturers amidst this policy change.

How Tariffs Are Impacting the Economy

The imposition of tariffs has substantially impacted global economies, with rising costs and inflation taking center stage. In the United States, the implementation of new tariffs on imported goods has caused a significant surge in consumer prices, particularly in sectors like electronics, apparel, and automotive. U.S. GDP is projected to experience a loss of approximately 1.1%, which translates to a $170 billion reduction in economic output.

Moreover, the tariffs have eroded consumer purchasing power, with households expected to lose about $3,800 annually. These measures have forced businesses to reevaluate their supply chains and cost structures, further influencing the global trade environment. As inflation rises, central banks, including the U.S. Federal Reserve, face growing pressure to manage the economic fallout, balancing inflation control with economic growth.

➤ Discover how our research uncovers business opportunities @ https://market.us/report/smart-asset-tracking-apps-market/free-sample/

Peloton's shares dropped by 5.8% following the announcement of U.S. tariffs on imports from Canada and Mexico, raising concerns of increased production costs and inflation.

How Tariffs Are Impacting the Economy

Tariffs have created significant disruption in the global economy, increasing the cost of goods and raw materials, which has impacted many industries, including the cold chain sector. In the U.S., tariffs on imported goods have raised the price of raw materials for cold chain technologies, such as sensors and refrigerants.

As the cost of production rises, businesses are facing increased operational costs, which are often passed on to consumers, resulting in higher prices for goods. These tariff-induced price increases are contributing to inflation, reducing consumer purchasing power. Additionally, tariffs are disrupting global supply chains, causing delays in shipping and increasing transportation costs.

For industries reliant on global trade, including food and pharmaceuticals, this presents significant challenges in maintaining efficient and cost-effective supply chains.

Companies are now rethinking their sourcing strategies, considering alternatives like nearshoring or reshoring to mitigate the impact of tariffs on operations. This could lead to greater supply chain diversification but also higher operational costs in the short term.

➤ Discover how our research uncovers business opportunities @ https://market.us/report/real-time-monitoring-solutions-for-cold-chain-market/free-sample/

The study of Jürgen Nautz deals with selected aspects of tariff autonomy and wage development during the years of inflation in the Weimar Republic. First the development of wages will be presented in the context of cost of living. To investigate the question of tariff autonomy in the inflation period it is of special interest to analyze the usage of arbitration instruments by unions, management and the state. Another central subject of this study is the fundamental position concerning the question of the design of important relations. Two themes are in the focus of interest; the ideas of the further refinement of the collective bargaining principle and the arbitration of labor disputes. Especially concerning tariff autonomy legal positions were developed during the inflation years which had an important impact on the discussion about tariff autonomy during the entire period the Weimar Republic. Data tables in HISTAT: A.1 Development of cost of living: Index of the statistical office of the German Empire (1920-1923) A.2 Index of average real weekly wages per collective agreement Index (1913-1923) A.3 Real weekly and real hourly wages of unskilled and skilled workers (1919-1923) A.4 Strikes and lockouts (1918-1924) A.5 Number of collective agreements (1918-1929) Der Beitrag von Jürgen Nautz widment sich ausgewählten Aspekten zum Problembereich der Tarifautonomie und der Lohnentwicklung in der Zeit der Inflationsjahre während der Weimarer Republik. Als erstes wird die Entwicklung der Löhne auf dem Hintergrund der Lebenshaltungskosten dargestellt. Für die Frage nach dem Zustand der Tarifautonomie in der Inflationsphase ist die Handhabung des Schlichtungsinstrumentariums durch die Tarifparteien und den Staat von besonderem Interesse. Ein zentraler Gegenstand dieses Beitrages ist auch die Darstellung der grundsätzlichen Positionen in der Frage der Gestaltung der industriellen Beziehungen. Dabei stehen zwei Topoi im Mittelpunkt des Interesses: die Vorstellungen von der weiteren Ausgestaltung des Tarifvertragsprinzips und der Schlichtung von Arbeitsstreitigkeiten. Gerade in der Frage der Tarifautonomie sind in den Inflationsjahren Rechtspositionen entwickelt worden, die prägend waren für die Diskussion der Tarifautonomie während der gesamten Phase der Weimarer Republik. Datentabellen in HISTAT: A.1 Entwicklung der Lebenshaltungskosten: Index des Statistischen Reichsamts (1920-1923) A.2 Index der durchschnittlichen Realwochenlöhne je Tarifvertrag (1913-1923) A.3 Realwochen- und Realstundenlohnsätze ungelernter und gelernter Arbeiter (1919-1923) A.4 Streiks und Aussperrungen (1918-1924) A.5 Zahl der Tarifverträge (1918-1929) Quellen: Daten aus der Forschungsliteratur. Statistisches Jahrbuch für das Deutsche Reich, Jg. 1914 – 1933.

Gold prices fell by 3.58% on Monday due to global tariff concerns, yet remain up 16.77% since January amid economic uncertainty.

How Tariffs Are Impacting the Economy

The imposition of tariffs has had significant repercussions on the U.S. economy, with rising import costs and disrupted supply chains being among the most notable effects. Tariffs on key components for industries like electronics and robotics have increased manufacturing costs, leading to higher prices for consumers.

This affects businesses by squeezing profit margins and forcing them to make difficult decisions about absorbing these costs or passing them on to customers. The tariff-driven inflation also negatively impacts consumer purchasing power, reducing overall demand for non-essential goods.

Additionally, businesses dependent on international supply chains are facing delays, inefficiencies, and rising transportation costs. In the robotics sector, tariffs on foreign hardware components have made it more expensive for companies to source critical parts, thus slowing down production.

The ongoing uncertainty surrounding tariffs also discourages investment in innovation and expansion, as companies remain cautious in an unpredictable global trade environment. This overall slowdown in economic activity could delay the full potential of emerging technologies like humanoid robots, which rely on global collaboration for research and development.

➤ Discover how our research uncovers business opportunities @ https://market.us/report/ai-powered-humanoid-robots-market/free-sample/

Building materials made of steel, copper and other metals had some of the highest price growth rates in the U.S. in the first half of 2025 in comparison to the previous year. The growth rate of the cost of several construction materials was slightly lower than in late 2024. It is important to note, though, that the figures provided are Producer Price Indices, which cover production within the United States, but do not include imports or tariffs. This might matter for lumber, as Canada's wood production is normally large enough that the U.S. can import it from its neighboring country. Construction material prices in the United Kingdom Similarly to these trends in the U.S., at that time the price growth rate of construction materials in the UK were generally lower 2024 than in 2023. Nevertheless, the cost of some construction materials in the UK still rose that year, with several of those items reaching price growth rates of over **** percent. Considering that those materials make up a very big share of the costs incurred for a construction project, those developments may also have affected the average construction output price in the UK. Construction material shortages during the COVID-19 pandemic During the first years of the COVID-19 pandemic, there often were supply problems and material shortages, which created instability in the construction market. According to a survey among construction contractors, the construction materials most affected by shortages in the U.S. during most of 2021 were steel and lumber. This was also a problem on the other side of the Atlantic: The share of building construction companies experiencing shortages in Germany soared between March and June 2021, staying at high levels for over a year. Meanwhile, the shortage of material or equipment was one of the main factors limiting the building activity in France in June 2022.

Brazil Consumer Price Index (CPI): IPC-BR-DI: Non-Tradable Goods: Public Tariffs data was reported at 1,413.396 Aug1994=100 in Apr 2025. This records an increase from the previous number of 1,406.328 Aug1994=100 for Mar 2025. Brazil Consumer Price Index (CPI): IPC-BR-DI: Non-Tradable Goods: Public Tariffs data is updated monthly, averaging 590.928 Aug1994=100 from Jan 1994 (Median) to Apr 2025, with 376 observations. The data reached an all-time high of 1,432.692 Aug1994=100 in Oct 2024 and a record low of 12.552 Aug1994=100 in Jan 1994. Brazil Consumer Price Index (CPI): IPC-BR-DI: Non-Tradable Goods: Public Tariffs data remains active status in CEIC and is reported by Getulio Vargas Foundation. The data is categorized under Brazil Premium Database’s Inflation – Table BR.IB004: Consumer Price Index: Getulio Vargas Foundation.

Gold prices hit a record $3,150 an ounce due to economic fears and tariffs, with potential to rise further as central banks increase reserves.

How Tariffs Are Impacting the Economy

The imposition of tariffs has led to a surge in consumer prices, particularly in sectors reliant on imported goods. Apparel prices, for instance, have increased by 64% in the short term. This inflationary pressure has eroded household purchasing power, with average losses estimated at $3,800 per household.

Additionally, the U.S. economy is projected to experience a persistent 0.6% reduction in GDP annually, amounting to a $170 billion loss. The Federal Reserve faces challenges in balancing inflation control with economic growth, as the tariffs contribute to increased inflation expectations.

➤ Discover how our research uncovers business opportunities @ https://market.us/report/blockchain-for-supply-chain-traceability-market/free-sample/

In June 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In the first half of 2025, Russia maintained the highest interest rate at 20 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at 0.1 percent in June 2025. In contrast, Russia maintained a high inflation rate of 9.4 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

Egg prices are anticipated to decline as wholesale costs drop, providing relief to grocery shoppers. However, potential tariff impacts could influence future pricing trends.

The sporting goods manufacturing industry has benefitted from rising health consciousness over the past decade, which spurred an uptick in sports participation, driving demand. However, inflationary pressures plagued the industry in the aftermath of the COVID-19 outbreak, resulting in people cutting discretionary spending. Revenue is expected to grow at a compound annual rate of 2.6% over the five years through 2025 to €10.8 billion, including an estimated jump of 1.8% in 2025. Profit is also expected to edge upwards to 12.2% in 2025 as higher interest rates cool inflation and ease input cost pressures. Following the COVID-19 outbreak, pent-up demand and supply chain disruptions incited inflationary pressures, ratcheting up living costs. This resulted in many people’s real household disposable income’s plummeting, forcing them to cut discretionary spending on goods like sporting equipment. Despite central banks across Europe raising interest rates to curb rising prices, inflation persisted in the two years through 2023, hurting demand. However, rising sport participation and health consciousness have supported revenue in recent years, driven by effective government initiatives. This includes the Erasmus+ Sport programme, which supports grassroots sports projects across Europe. According to a 2022 survey from the European Commission, Finland tops the list of countries most likely to exercise at least once a week, at 71% of respondents. Import competition has impacted the industry with consumers opting for cheaper alternatives from low-cost production countries amid the cost-of-living crisis. This forced manufacturers to focus their efforts on premium, performance-focused gear, maintaining revenue growth. Revenue is forecast to swell at a compound annual rate of 5.8% over the five years through 2030 to €14.3 billion. Sporting goods manufacturing will welcome declining costs as inflationary pressures subside in the short term. However, uncertainty surrounding Trump’s tariffs policies will hamper GDP growth due to businesses delaying investment projects which would have potentially aided demand for sports goods manufacturers. This will force manufacturers to diversify into faster-growing or tariff-free markets like Asia. Sport participation will continue to rise, supported by robust funding towards promoting exercise as governments seek to slow down rising obesity across Europe. Yet, countries like France facing budget pressures have slashed funding aimed at promoting sports, hindering demand for sports goods manufacturers.