RArely Economists said so unanimously. Even before Donald Trump’s tariffs, “Liberation Day” on April 2, the median of respect among 48 who were examined by the University of Chicago Business School, consisted in the fact that Trump’s fees would raise inflation in 2025 by 0.8 percentage point. Meanwhile, the president’s position is that, in the words of the press secretary: “Tariffs are a tax increase in foreign countries [which]… they broke off us. “The implication is that foreigners” eat tariffs “and leave American consumer prices motionless.
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