Marketplace All-in-One Will August bring a wave of trade deals or a hike in tariffs?
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Jul 18, 2025 
Ana Swanson, a contributor for The New York Times, dives into the implications of President Trump's tariffs, discussing whether recent price hikes are just temporary blips or signs of ongoing inflation. Kimberly Adams, a senior Washington correspondent, highlights the impact of federal spending cuts on programs like SNAP, emphasizing challenges faced by families amid increasing food costs. Together, they analyze the balance of power in Washington and the changing dynamics surrounding economic policies.
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Tariffs' Impact on Inflation
- The early signs of Trump's tariffs are visible in consumer prices like toys and furniture.
- The crucial issue is whether these price hikes are one-time events or will cause ongoing inflation increases.
Trump's Tariff Strategy
- President Trump appears satisfied with maintaining high tariffs even without finalized trade deals.
- This approach risks introducing more tariffs and potential economic spillovers soon.
Consumers Holding Up So Far
- Despite rising prices, consumer spending remains resilient with a stable job market.
- However, lurking risks like tariffs and price increases could eventually weigh on Americans.