The above headline is a slight, immaterial truncation of a quote from convicted felon President Trump in a Friday phone interview with an unspecified NBC News reporter. What he actually said when asked if he’s concerned that prices would rise for Americans due to his tariff policy – after the fat fuck campaigned on “Bidenflation” – was “The only price that’s spiked is the hundreds of billions of dollars coming in.” As in the tariffs being paid by Americans buying foreign products.
One that note, the Yale Budget Lab on Friday issued an analysis finding that the “price level from all 2025 tariffs rises by 1.8 percent in the short-run, the equivalent of an average per household income loss of $2,400 in 2025. This assumes the Federal Reserve does not react to tariffs and so the real income adjustment comes primarily through prices rather than nominal incomes; if the Federal Reserve reacted, the adjustment could in part come in the form of lower nominal incomes. Annual pre-substitution losses for households at the bottom of the income distribution are $1,300. The post-substitution price increase settles at 1.5 percent, a $2,000 loss per household.”
Remember that “TRUMP LOW PRICES / KAMALA HIGH PRICES” sign from last year? That was funny.