I have something of a front row seat to this on the consumer packaged goods (CPG) part of the market. There is still a lot of competitive pricing pressure that

I have something of a front row seat to this on the consumer packaged goods (CPG) part of the market. There is still a lot of competitive pricing pressure that has kept companies from preemptively increasing prices due to new tariffs on inventory that is pre-tariff. Any price impact of tariffs won't be felt until existing inventories are gone, which for some products is still months away. For new inventory, one thing not being accounted for is that container costs have collapsed in response to tariffs. I know of multiple cases where the drop in container shipping costs offset the new tariffs for CPG, leading to flat prices even on inventory subject to the new tariffs, at least for now.