Exact impact depends on pass though rates and import substitution impacts, but 2% is ballpark. The MAIN impact is on long term economic growth.

Moreover, most economists predicted a moderate one time bump in inflation of around 2% more in the CPI, not “runaway inflation”. This is because imports of goods only account for 11.4% of GDP, so average 16% additional tariff imposed by Trump translates into 2% price bump.

I left X because my feed became dominated by misogynist white suprematist assholes who peddled nothing but far right misinformation. Why the hell would any reasonable person want to go back to that?

Totally agree.

Ooops, and there I was saying how great they are.

Century Link. 10 years, zero downtime.

The man does not understand the first thing about economics.

Got it a few years ago. One bad day, but so what, Shingles suck and is very painful, so I’m told.

Trump may come across as a moron, but he has a good understanding of power. Control the party, the courts, and the media, and you control the country. He’s working on it.