A new Harvard study reveals that the U.S. tariffs imposed on April 10th have triggered broad-based price hikes across the retail sector, according to Benzinga. Researchers tracked over 330,000 daily prices at four major retailers and found that prices of Chinese imports spike following the 125% tariff. U.S.-made goods also rose in price due to reliance on imported inputs like packaging and components. The study notes that price increases began before the tariffs took effect, as retailers braced for demand shifts and cost pressures. U.S. manufacturing contracted for the second consecutive month in April, according to early May data from the Institute for Supply Management.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A New Harvard study reveals that the U.S. tariffs imposed on April 10th have triggered broad-based
00:06price hikes across the retail sector, according to Benzinga. Researchers tracked over 330,000
00:12daily prices at four major retailers. The price of Chinese imports spiked by the 125% tariff.
00:19U.S. made goods also rose at price due to reliance on important inputs like packaging
00:22and components. Study notes that the price increases began even before the tariffs took
00:26effect as retailers braced for demand shifts and cause pressures. U.S. manufacturing contracted
00:32for the second consecutive month in April, according to early May data from the Institute
00:36for Supply Management.
00:37For all things money, visit Benzinga.com slash GSTV.