It’s Official: Trump’s Tariffs Are Driving Up Inflation

Rareș Mustață

The consequences of Trump’s tariffs have begun to set in. Prices are rising as normal Americans shoulder the burden of Trump’s fiscal policy of spite, and his tariffs cause basic goods to become more expensive. Annual inflation rose 2.7 percent last month, according to the Consumer Price Index data released by the Bureau of Labor Statistics on Tuesday. That marks the highest increase in inflation since January. Core inflation, which doesn’t include food and energy prices, increased 2.9 percent.

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It’s Official: Trump’s Tariffs Are Driving Up Inflation https://newrepublic.com/ - 15.07.2025 19:07

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It’s Official: Trump’s Tariffs Are Driving Up Inflation https://newrepublic.com/ - 15.07.2025 19:07