Trump’s tariffs didn’t spark inflation last time? Here’s the trouble with that defense.

Date:

Share post:




When allies of President-elect Donald Trump address one big criticism of his tariff plans — that the levies would boost inflation at time when Americans are already frustrated with elevated prices — they often point to the lack of inflation in Trump’s first term. Some economists are skeptical of that line of defense.



Source link

Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Recent posts

Related articles

Stock-market investors are getting nervous about this bond-market move that’s only happened twice in over 40 years

Stock-market investors are turning jittery over something which has apparently happened only two times in the bond...

Here’s how Trump could impose tariffs on Denmark in a bid to control Greenland

President-elect Donald Trump Tuesday threatened to place new tariffs on imports from Denmark unless the country gives...

Why eggs are nearly $9 a dozen in California — and when prices could drop

Egg prices at the grocery store shocked many consumers over the recent holiday season, and those prices...

Oil prices struggle for direction as U.S. crude supplies fall and product stocks rise

Oil futures struggled for direction on Wednesday after the U.S. Energy Information Administration reported that commercial crude...

Here’s the real winter-storm effect on natural-gas prices and heating bills

The recent rally in natural-gas prices raised an alarm among consumers suffering from a cold snap in...

McDonald’s new McValue menu foreshadows cheaper fast food elsewhere — and more struggles for chains, analysts say

After fast-food chains tried to win over inflation-weary customers with discounts last year, McDonald’s Corp. kicked off...

Are ‘Magnificent Seven’ bonds now worth buying after months-long selloff?

With yields on the 30-year Treasury bond at their highest level in a year, the so-called Magnificent...

Job openings reverse long decline, but the U.S. labor market is still not out of the woods

President-elect Donald Trump is inheriting low unemployment after several years of strong postpandemic hiring, but he’s also...