In addition to raising prices, companies also reined in labour costs to cover the expense of tariffs, says Robert Burgess for Bloomberg Opinion. NEW YORK: It’s widely understood that the Trump administration’s ill-conceived decision back in April 2025 to impose broad “reciprocal” tariffs on US imports from around the world, even on an island inhabited only by penguins, has made the goods that Americans buy more costly.  Need new dishes? Those prices were up 15.4 per cent in April from a year