Tariff-fueled inflation, meteor strike both rare
On Tuesday, a high -level White House Economy Advisor, President Donald Trump’s tariffs of meteoritis to lead to a striking world, the possibility of higher prices.
Stephen Miran, President of Trump’s Council of Economic Consultants, has rare events from CNBC’s “Squawk Box”.
But there is no evidence that it has happened so far, Mi Miran said.
Anchor Melissa Lee said Miran equals tariff price increases with extremely rare events.
“I don’t want to need it,” he replied. “All I can say is that the estimation is difficult and we should always talk about possibilities and possibilities.”
Im I don’t have a crystal ball that tells me about the future, and there’s no one else, ”he said.
Miran also a New report Despite his fears that Trump’s tariffs will increase prices, the White House Council, which emphasizes that imported goods prices fell between December and May last year.
Trump did not announce the “mutual” tariff agenda until April. And he extended the last date, which he set to reach bilateral trade agreements with the US and avoids these highest rates.
Although the prices of some individual goods have already increased as a result of tariffs, Trump’s policies have not yet encouraged general inflation that businesses and consumers are afraid of.
Many economists say they expect to see that prices have increased in the coming months. And they point to many reasons where higher prices have not yet emerged.
The first is the fact that Trump delayed most of the most violent “Liberation Day” tariffs repeatedly.
Secondly, while the delay between tariffs and price effects in the real world, a third factor is the stocks made by many companies earlier this year.
Miran was asked in CNBC that the White House expects tariffs to increase prices in the future.
“Will he not come to the end? ‘ Miran said, but now we were waiting for months.
The White House report analyzed two inflation indicators: Personal Consumption Expenditures Price Index or PCE, it is financial markets and the commonly monitored consumer price index or CPI.
“The results clearly show that imported components have fallen starting from March, while total prices increased unchanged or slightly.”
