Still Paying Tariffs 8/11/26

Summary

The segment discusses how tariffs continue to affect the U.S. economy, with costs flowing through importers, wholesalers, retailers, and ultimately consumers. Apollo Global Economist Torsten Slok highlights a survey showing half of companies still have more tariff costs to pass on, indicating that delayed pass-through will keep inflation elevated alongside rising energy prices.

• Tariffs are paid by American importers and passed down to consumers.
• 50% of surveyed companies have not fully passed through tariff costs yet.
• More price increases are expected as firms recoup those costs.
• Delayed tariff effects are adding to inflation, not just energy prices.
• Inflation risks remain persistent for the foreseeable future.