Part 5/11:
A recurring theme in recent discourse involves the role of tariffs — specifically those implemented during the Trump administration — and their alleged connection to rising inflation. Mainstream liberal media outlets initially warned of impending hyperinflation due to tariffs imposed on China, Mexico, Canada, and other trading partners.
However, recent data tell a different story. While headline inflation ticked up slightly to 3%, and core inflation remained stable, the chart of inflation over the past seven months shows a clear downtrend since the start of the year. Notably, inflation was significantly higher in 2021, when rapid price increases soared by over 1% monthly. The current trends do not mirror those spikes, which many interpret as evidence that inflation is under control.