Peaked at #2 Off the board
Tariffs drive up goods inflation
Per NY Fed cited by CNBC, inflation on many everyday items was entirely due to tariffs.
Key points
- The NY Fed said inflation on many everyday items was entirely due to tariffs, according to CNBC, per @unusual_whales.
- A reply asks whether Joe Biden added tariffs when inflation hit 9%.
- A reply says corporations get the tariff refunds while consumers pay higher prices.
Key points and the reaction summary are written by AI from the posts on this page. Check the original post. How we use AI
Original post
Top replies on X
Reaction on X: Replies are largely skeptical of the tariff-only explanation: one calls it another transfer of wealth to the 1%, another asks whether Biden added tariffs when inflation hit 9%, and another attributes inflation to money supply and government spending rather than tariffs. No response from the original poster.
Sign in to see 5 top replies from X
From @JRd79_, @chimike847, @nickisnest and others. Spam removed, with English and Chinese translations.
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