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.
“There haven’t been many significant upticks in prices as of yet given that many retailers are still selling through their lower-cost inventory,” Dana Telsey, CEO and chief research officer of Telsey Advisory Group told CNN.
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