The Federal Reserve (Fed) of the United States has recorded a "moderate increase" in prices in the country in recent months, according to its latest Beige Book of economic outlooks. Despite this moderate growth, prices are expected to continue rising due to the imposition of tariffs currently affecting imports from Mexico, Canada, and China.
The Fed's report mentions that economic activity has shown a "slight" increase, but warns about a possible impact on the pocketbooks of Americans due to the trade war initiated by President Donald Trump. According to the Beige Book, the majority of districts have expressed concern and worry about the consequences of the president's trade policy, as tariffs are expected to result in price increases on products.
The recent imposition of a 25% tariff on Mexico and Canada, as well as an additional 10% tax on China, has generated trade tensions between the United States and its major partners. In response, the governments of Canada and China have imposed tariffs on American products, while Mexico will announce measures on March 9.
Despite this situation, the White House has decided to delay for a month the imposition of tariffs on the automotive sector of Mexico and Canada. Commerce Secretary Howard Lutnick has expressed his willingness to negotiate and "reach an agreement" regarding trade tariffs.
