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flag U.S. tariffs since 2023 have raised consumer prices and pressured profits, with households cutting spending amid record-high 14.4% tariff burden.

flag U.S. companies including Procter & Gamble, Amazon, and 3M report ongoing profit pressure from tariffs, with consumer prices up 4.3% for domestic goods and 5.8% for imports since tariff implementation. flag Lower- and middle-income households are increasingly value-conscious, limiting price increases. flag The effective tariff rate on consumers hit 14.4%—the highest in 85 years—according to Harvard and Yale research. flag Firms are adjusting pricing, diversifying supply chains, and facing softer demand. flag A potential Supreme Court ruling on the legal basis of tariffs could lead to refunds, but any resolution would take years. flag The White House plans to maintain tariffs using alternative authority.

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