President Trump's first-term tariffs did not raise the prices of the affected goods, despite predictions back then that the tariffs would prove inflationary. Indeed, not only was there no discernible rise in inflation during the last round of tariffs, but the Fed's preferred measure of inflation actually declined.
President Trump's first-term tariffs did not raise the prices of the affected goods, despite predictions back then that the tariffs would prove inflationary. Indeed, not only was there no discernible rise in inflation during the last round of tariffs, but the Fed's preferred measure of inflation actually declined.