Companies are raising prices in response to President Donald Trump's tariff campaign, according to business surveys. Some companies are passing the full cost to customers, while others are eating some of the costs themselves. Some companies have begun emailing customers to let them know prices are rising because of tariffs. One luggage company emailed its customers to say they were raising prices in response to the "dumpster fire" tariffs. Are you concerned about rising prices on products you use that are impacted by tariffs?

If there was any doubt about who would ultimately pay the cost of Donald Trump's new import taxes (tariffs), businesses have a clear answer: customers. That's according to recent surveys and anecdotes collected by Federal Reserve banks and released this past week. Separate survey results from a few regional Fed outposts found that companies in their area are passing on at least some of their tariff costs to consumers. Can you afford to pay more for the same products and services that you buy now that are increasing because of President Trump's tariffs.

The Fed's "beige book" compilation of reports from around the country was full of stories about businesses raising prices to make up for the increased cost of imports. Since February, Trump has imposed a dizzying and frequently changing array of import taxes, including a 10% tariff on items from most countries and a 25% tariff on many foreign cars. Averaged together, some goods imported from overseas are facing a 15.6% tariff, the Yale Budget Lab calculated last week. Did you believe President Trump when he said the exporting countries would pay the tariffs on their goods and services sold in the United States?

The issue of who, exactly, will pay the cost of those tariffs has been politically explosive. Amazon drew a barrage of criticism from the White House in April after it floated plans to show the cost of tariffs on the price tags in its online store. Similarly, Trump blasted Walmart after its executives said tariffs would push up prices, and the president demanded the retailer "eat" the cost of the tariffs. Should any U.S. president pressure private or public businesses to absorb the import tariffs that were imposed on them by that president?

The money from tariffs, paid by American companies, goes to the U.S. Department of Treasury and enters the general affairs budget, said Felix Tintelnot, an associate professor of economics at Duke University in North Carolina. From there, it can be used "essentially for anything." Do you trust President Trump's U.S. Department of Treasury to spend these additional taxes responsibly?

According to PolitiFact, four of five independent groups with varying political ideologies estimated that the average per-household loss from President Donald Trump's tariffs will range from $3,100 a year to $4,900 a year. The fifth group estimated a $1,243 loss. Calculating tariffs' impact requires guesswork even in the most straightforward cases; the five estimates' variations stem from different assumptions about how the tariffs will be absorbed into the economy. Making projections is complicated by Trump's starting and stopping of certain tariffs, so these estimates could change. Can you afford these new taxes?