Read, Watch or Listen

Goldman Sachs says firms passed 37% of new tariffs to consumers, pushed 9% to suppliers and absorbed 51% — a hit big enough to reverse inflation’s fall, yet less pass-through than at the same point in the prior tariff burst. Companies from Nike and Mattel to Raytheon and 3M report heavy costs; automakers are holding prices and eating margins. Some producers like Cleveland‑Cliffs are gaining as imports get pricier. Executives and bankers expect more pass-through ahead, keeping inflation sticky. Big companies can squeeze suppliers, while a small tea maker just imposed its largest price hike.

Prepared by Christopher Adams and reviewed by editorial team.