Trump, tariffs and Inflation
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The Trump administration’s tariffs are causing a significant shift in supply chains and diplomacy, with major U.S. corporations and trading partners scrambling to cope with the new rules.
With all the crosscurrents, the responsible solution is for policymakers to wait for more evidence, and that’s exactly what the Fed is doing under Powell’s stewardship,” Levin
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'Tariffs Would Slow Inflation': When Donald Trump Made An Utter Fool Of Himself By Peddling Lies About His Disastrous TariffsDuring a multilateral lunch event with African leaders at the White House on July 9, 2025, Donald Trump peddled lies about his disastrous tariffs. A disingenuous reporter praised Donald Trump for correctly assessing that he was right about his tariffs lowering inflation.
Rising rents were the main driver of inflation in June. But the price of clothing, appliances and toys also jumped — which likely reflects the effects of import taxes. Clothing prices rose 0.4% while the price of appliances and toys jumped nearly 2%.
Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.
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CNET on MSNWith Trump's Tariffs Linked to Inflation, I'm Tracking 11 Key Products for Price MovesThe deadline for the start of Trump's heaviest tariffs has been delayed a few weeks, but a new report has nonetheless shown that inflation is once again on the rise.