[Federal Reserve Bank of New York: Trump’s tariffs have led to price increases for 67 categories of goods] October 10th, a study by the Federal Reserve Bank of New York showed that if President Trump had not imposed tariffs on imported goods, the prices of many daily necessities would have been lower, but they have increased because of the tariffs. The report shows that as of February this year, Trump’s tariffs had increased the price level of 67 categories of goods by 2.9 percentage points. Without the tariffs, the prices of these goods would have fallen by nearly 1%. The report pointed out that for every one percentage point increase in the average tariff rate, consumer prices will rise by about 0.25 percentage points one year later, and the price pressure brought by tariffs will continue until 2027. About two-thirds of the increase in the prices of these goods is the direct impact of import tariffs, while the rest is the indirect impact of tariffs because U.S. companies use imported components and materials in their products.