Some US-made products are becoming more expensive due to Trump's tariffs, based on data from Harvard Business School Pricing Lab.
Post-tariff price hikes have been observed on both imported goods and competing domestic products, with imported goods seeing a 3% increase and domestic goods around 2%.
Tariffs on imports can impact domestically sourced products due to factors like reliance on imported components, increased supply chain costs, and opportunities for domestic competitors to raise prices.
The uncertainty surrounding tariffs has led to companies adjusting prices, with domestic brands also increasing prices to manage rising costs, potentially leading to broader price increases in the economy.