Why tariffs have hit Americans’ jobs harder than their shopping carts

As President Donald Trump piled on new tariffs last year, many economists quickly warned that prices and unemployment would spike. With most of the 2025 economic results in, it’s looking like those forecasters get partial credit.

While prices for certain imports like beef, coffee and tomatoes increased significantly last year, price hikes overall were little changed. The same can’t be said of the job market. READ MORE