Trump tariffs not the problem critics predicted

 Federalist Wire:

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President Donald Trump’s tariff policies, a cornerstone of his second-term economic agenda, have defied dire predictions from corporate media and economic pundits. Despite warnings of rampant price hikes and economic turmoil, recent data shows inflation remains subdued, and the U.S. economy continues to show resilience.

On April 2, Trump imposed steep reciprocal tariffs on numerous countries, later announcing a 90-day pause that reduced most duties to a 10% baseline. Corporate media outlets, including ABC News, warned on March 26 that these tariffs “would ratchet up the global trade war, raising prices for an array of consumer goods and risking an economic slowdown.” Yet, inflation has not surged as predicted.

In May, inflation rose less than expected, dropping to a four-year low, according to data from the Bureau of Labor Statistics (BLS). This followed a CNBC report on May 13, which noted that inflation had “eased” in April despite the tariffs but cautioned that prices could climb as duties took effect. Those warnings have yet to materialize.

The Guardian, in an April 22 opinion piece, claimed that tariffs would inevitably drive up costs. “There is no way tariffs of this magnitude can be absorbed,” the authors wrote. “Producers and consumers must take a hit, and that means rising prices.” However, the expected price spikes have not occurred.

NewsNation host Chris Cuomo echoed similar sentiments in February on “The Chris Cuomo Project.” “[T]he idea that it’s going to boost our economy — never happens, okay? The idea that you can tariff your way and not have an income tax anymore — not going to happen,” Cuomo said. “The idea that you’re going to apply a tariff and it doesn’t affect inflation — not true.”

CNN, in a June 20 report, acknowledged that the tariff-related inflation fears have not come to fruition. “Predictions from mainstream economists were dire after President Donald Trump launched his tariff campaign just a couple weeks after he began his second term in office: Prices would rise — sharply — they said, reigniting an inflation crisis that tens of millions of Americans had elected him to solve,” the piece states. “But that massive, tariff-induced inflation spike hasn’t materialized. Not even close.”
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Perhaps the prices were inflated to begin with, so prices did not need to rise.  Producers found ways to remain profitable without increasing prices.