Are Rising Tariffs Fueling Inflation Again?

On this episode of America’s Gold Authority® Podcast, host Mike Barnes is joined by Philip N. Diehl, President of U.S. Money Reserve and former U.S. Mint Director, and Brad Chastain, U.S. Money Reserve’s Director of Education, to analyze the June inflation report and the possible effects of new U.S. tariffs. While current inflationary increases appear modest, both Philip and Brad agree that early indicators suggest tariffs could be driving prices higher.  

With the effective tariff rate already climbing from 2.4% to nearly 20% in 2025, they stress the importance of watching data in the coming months for signs of a developing trend. The discussion highlights how certain imported goods are more vulnerable to inflationary pressures and how continued tariff threats complicate the Federal Reserve’s decision-making on interest rates. Philip notes that for retirees, this uncertain environment underscores how assets like gold can help preserve nest eggs against the effects of inflation and shifting economic policies. 

Contact U.S. Money Reserve today to learn how precious metals can help strengthen, protect, and prepare your financial strategy for the challenges of a rapidly changing global landscape.