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Reply to "Trump tariffs: ruin U.S. economy until 2040"
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[quote=Anonymous][quote=Anonymous]*Inflation rose 2.7 percent in June over the same period a year ago, the measure’s highest level since February. Economists say tariffs are helping to drive the increase. (AP) https://apnews.com/article/inflation-trump-fed-powell-prices-8842d6ebca9d1870983e678e578d2091 *The “Yale Budget Lab projects [b]resulting price increases could amount to the equivalent of a $2,800 hit in yearly household income.”[/b] (WSJ) https://www.wsj.com/economy/trump-effect-starts-to-show-up-in-economy-45c83c7a *“Signs of accelerating price pressures will make it much more difficult for the central bank to restart interest rate cuts that have been on hold since January.” (NYT) https://www.nytimes.com/2025/07/15/business/cpi-report-inflation-june.html?smid=nytcore-ios-share&referringSource=articleShare[/quote] This is on top of the tax increases on lower and middle income Americans.[/quote]
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