There’s ‘Overwhelming Evidence’ Tariffs Have Raised Consumer Prices, Says Bank of America: ‘Tariffs will cost businesses $1.2 trillion this year, with shoppers ultimately bearing the brunt’

As per the original article:

Bank of America analysts wrote in a note that consumers have covered about 50% to 70% of the cost of levies to date.

For the Bank of America, President Donald Trump’s levies have boosted consumer inflation, and there’s no uncertainty about that.

They wrote that they estimate tariffs to account for between 30 and 50 basis points of the core personal consumption expenditure inflation rate, which measures the change in prices for goods and services. The analysts also said consumers have paid for about 50% to 70% of the total tariff cost to date.

“This suggests tariffs can continue to put upward pressure on inflation in coming months, especially since the effective tariff rate should climb further,” the note said.

The PCE price index was up 2.7% year-on-year in August.

Now the rich can buy homes in bulk

Thanks maga

why wouldnt prices rise if costs rise?

are we saying that it takes some time and planning to replace domestic production, if it is even possible?

like… i’m just some dude. economics are not my job or interest. but even i can figure this out.

Wow, it’s almost like the point of tariffs is to raise prices on consumers!

Ban all those tan suites

This is literally taught in history, economics, and social studies. This shouldn’t be shocking to anyone 

Ban Amazon

Remember the good old days when conservatives cared about the economy? You remember, way back in 2024?