Part 3/12:
Trump's tariffs, especially on China, were heavily scrutinized and opposed by many experts. Critics insisted they would increase prices and slow economic growth. However, the actual economic data suggests a more nuanced picture. With the addition of roughly $100 billion in tariff revenue, the negative expectations have not come to pass, indicating that the impact of tariffs may have been overestimated or mitigated in practice.
Inflation, measured at around 2.7% in June, remains within expected ranges. This stability suggests that concerns over tariffs fueling runaway inflation were overstated, and perhaps Trump’s approach—despite opposition—had less damaging effects than predicted.