There's 'overwhelming evidence' tariffs have raised consumer prices, says Bank of America
Donald Trump
For the Bank of America, President Donald Trump 's levies have boosted consumer inflation, and there's no uncertainty about that. "We think there's no debate — tariffs have pushed consumer prices higher," analysts, including Aditya Bhave, managing director and senior US economist at the research unit of the banking giant, wrote in a note on October 31. Since Trump unveiled his "Liberation Day" tariffs on April 2, while some trade deals have been negotiated with partners, such as the UK and the
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