Tariffs typically affect prices with a delay after their implementation. Recent information on tariffs imposed by President Trump shows the following timeline and impact pattern:

• Tariffs were initially enacted in early 2025 but were delayed or phased in gradually, with some tariffs only being applied around April and May 2025.
• Companies often stockpiled inventory before tariffs fully took effect to avoid immediate price hikes. This stockpiling caused a delay in the consumer price impact.
• Experts observe that once stockpiled goods run out—estimated to be a few months after tariff implementation—companies begin passing higher costs to consumers.
• The average time for tariffs to significantly affect consumer prices is around 3 to 6 months after implementation.
• As of mid-2025, retail prices began showing signs of increases in goods heavily affected by tariffs, such as clothing, appliances, toys, and some food products.
• Inflation data from June 2025 showed a slight increase attributed in part to tariffs, and economists expect more pronounced price rises if tariffs remain or increase.
• Some companies have started gradually increasing prices as of mid-2025, but many try to delay passing on tariff costs to the consumer for as long as possible.
• Specific price impacts are expected to continue spreading across various product categories depending on how quickly stockpiled imports are depleted and tariff-expensive imports replace them.

In summary, tariffs affect prices typically several months after they are implemented, largely due to stockpiling and supply chain delays, with some prices already rising by mid-2025 and more increases expected in the coming months if tariffs persist or grow.