Amazon's CEO just made a scary prediction for 2026. Economists worry he's right

Tariffs are a tax on businesses, which means you'd expect that if tariffs go up, so do prices. But the effect of President Trump's ever-changing but always aggressive tariff policies didn't cause the huge price hikes and widespread economic damage many feared in 2025. Economists offer several likely explanations. One is all the exceptions and carve-outs the government made after announcing the tariffs. What Trump threatens and what ends up being charged are often very different. Tariffs had a modest impact ...