#TrumpTariffs In May 2025, U.S. consumer prices edged up just 0.1%—yielding 2.4% YoY inflation—despite President Trump’s new tariff regime. Core prices rose 0.1% (2.8% annually), as retailers moved old inventory and companies absorbed costs . But economists caution this reprieve may be brief: sustained tariffs could hit sectors like toys, autos, PCs, and smartphones, pushing prices higher . Meanwhile, forecasts from the OECD and World Bank foresee U.S. growth slowing to around 1.4–1.6%, citing trade‑barrier uncertainty and supply‑chain disruption . Consumers may soon face steeper costs. #TrumpTarriffs