Tariffs raising prices on products

 

(CNN)– Tariffs have already made certain everyday products more expensive.

The Trump Administration temporarily reduced tariffs on China over the weekend, but import taxes have already made baby gear, power drills, mattresses, and other everyday products more expensive.

Last week, the Federal Reserve said tariffs have led to a .3% increase in prices this year.

Some companies are increasing the prices of all of their products, others are raising prices on targeted items.

Categories: National News, News, Politics