Breitbart Business Digest: Fed Research Exposes the Tariff Fearmongers
President Trump’s new round of tariffs is set to take effect, and once again, critics are predicting economic disaster. A sober look at the history of tariffs and recent economic research about their effects suggest this fear-mongering is unwarranted.
The administration is moving forward with a 25 percent tariff on imports from Mexico and Canada and an additional 10 percent tariff on Chinese goods. The media and corporate lobbyists insist that these measures will drive up inflation and crush American consumers. But new research from the Federal Reserve Bank of Atlanta suggests otherwise. Their analysis shows that the actual impact on consumer prices will be modest, with estimated increases of just 0.81 to 1.63 percent—a far cry from the economic catastrophe predicted by Trump’s opponents. …
https://www.breitbart.com/economy/2025/03/03/breitbart-business-digest-fed-research-exposes-the-tariff-fearmongers/