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Kiplinger
Kiplinger
Business
Gabriella Cruz-Martínez

Why Your Summer Budget Feels Tighter: Tariffs Push Up Inflation

Donald Trump Inflation NIke United States Kiplinger Target Walmart
Red and white beach ball on the sand.

Summer is heating up, and so is inflation, as President Donald Trump’s sweeping tariffs are driving up the cost of your holiday break.

Retail giants, including Walmart, Amazon, and Target, had long warned that Trump’s volatile tariffs would push retailers in the U.S. to raise consumer prices — and it’s finally catching up.

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