Part 6/11:
Despite efforts to frame tariffs as a major inflation driver, actual data suggest minimal impact. For instance, categories heavily affected by tariffs — such as furniture, appliances, and toys, predominantly imported from China — have seen minimal increases (around 0.4% to 1.8%). Even with a 30% tariff on some imports, inflation for those categories remains modest, implying that supply chain adjustments, frontloading of April imports, and companies’ reluctance to pass on costs are factors mitigating inflationary pressures.