The $100 Billion Tariff Enigma: Why Inflation Remains Muted Amidst Record Duties
The $100 Billion Tariff Enigma: Why Inflation Remains Muted Amidst Record Duties Despite President Donald Trump‘s aggressive trade policies in his second term leading to a record-setting $100 billion in customs duties collected so far this year—and an projected $300 billion annually—a puzzling economic mystery is unfolding: the anticipated surge in inflation due to these tariffs is conspicuously absent. For months, mainstream economists and business leaders alike warned that new tariffs, which essentially act as a tax on consumers, would…