Trump's tariffs have so far caused

Our estimate of their impact will update every month

特朗普的关税迄今为止对通胀影响甚微

我们对其影响的估算将每月更新

Jun 5th 2025

2025年6月5日

Rarely have economists spoken in such unison. Even before Donald Trump's "Liberation Day" tariffs on April 2nd, the median estimate among the 48 who were surveyed by the University of Chicago's business school was that Mr Trump's levies would raise inflation in 2025 by 0.8 percentage points. Meanwhile, the president's position is that, in his press secretary's words, "tariffs are a tax hike on foreign countries [which]...have been ripping us off". The implication is that foreigners will "eat the tariffs" and leave America's consumer prices unaffected.

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