Companies are already moving to hike their prices as U.S. tariffs bite, a move economists say is likely to drive up inflation.

Texas shoppers might need to brace for more expensive goods as tariffs take effect. A survey of 47 Texas retailers from the Federal Reserve Bank of Dallas found that more than 73 percent of the merchants expect higher tariffs to negatively impact their businesses this year.

A tariff is a tax on imported goods that’s paid by the importing firm to its government. However, those costs often get passed down to consumers, resulting in higher prices for the affected products. Here’s Experian ’s guide to what you need to know about how tariffs work and how they may affect your wallet.

Executives at several companies that sell popular products have recently pointed to signs of wariness among shoppers.

As tariff price hikes come closer to reality, the Trump administration has begun touting new trade deals as a way out of economic turmoil.

American consumers, battle-scarred by the pandemic and the subsequent surge in inflation, are already changing their spending patterns and delaying some purchases due to President Donald Trump’s chaotic tariff policy and the broader economic uncertainty,

HVAC contractors are warning of shortages with temperatures already breaking records and summer utility bills on track to hit 12-year highs.

Check out CNET's tariff impact tracker is keeping tabs on price moves for several popular products, including the recent news for the Xbox brand.