"Tariffs on food imports will likely lead to higher food prices, making consumers worse off," the Tax Foundation said.

Consumer products giant Procter & Gamble said it would raise prices on about a quarter of its products in the U.S.

Procter & Gamble, the maker of a number of household staples including Tide detergent and Charmin toilet paper,

As expected, Procter & Gamble on Tuesday, July 29, reported its poorest sales increase since 2018, with organic sales growth up just 2%.

The question of how new tariffs will affect prices is more relevant than ever, with President Donald Trump's new reciprocal tariff deadline only days away and a new Consumer Price Index summary showing that the inflation rate was 2.

Trump's proposed 30% tariffs on EU imports could significantly increase olive oil costs for American consumers who rely heavily on Mediterranean suppliers.

With the president’s new trade deals, US protectionism is slowing investment and rewiring supply chains at the expense of the global economy