Trump has created a ‘trickle up’ tariff economy that means U.S. companies aren’t done hiking consumer prices over import taxes

President Trump's tariff policy has led to ongoing price increases by U.S. companies, with 47% of service firms and 44% of manufacturers planning hikes. Businesses are using a 'trickle up' strategy to gradually raise prices, avoiding immediate consumer backlash. The New York Fed notes that 90% of tariff costs are borne by U.S. companies and consumers, contradicting Trump's claims that exporters would cover the costs.