What is the time frame for Trump's tariffs leading to price increases?

President Donald Trump's tariff plans are moving forward by levying taxes on imported goods that economists warn will lead to price increases for consumers that could push inflation higher and complicate the Federal Reserve's efforts to stabilize the pace of price growth.

The two primary metrics for inflation – the consumer price index (CPI) and the personal consumption expenditure (PCE) index – are both above the Fed's target rate of 2%. Headline CPI was 2.8% in February, while PCE was...