- Marta Lavandier/AP/FileAs President Donald Trump piled on new tariffs last year, many economists quickly warned that prices and unemployment would spike. While prices for certain imports like beef, coffee and tomatoes increased significantly last year, price hikes overall were little changed. Additionally, the unemployment rate increased by 0.4 percentage points to 4.4% over 2025, according to the December jobs report, released Friday. Though the job market had already been tightening leading into 2025, Trump’s sweeping tariffs and his many, many subsequent adjustments haven’t helped. For the most part, they’ve been absorbing higher tariffs without passing along the heftier bills to consumers.

Source: CNN January 10, 2026 17:18 UTC