by John Binder
Breitbart.com
Tariffs planned by President-Elect Donald Trump next year will not spike inflation, incoming trade advisor Peter Navarro says.
“We put on significant tariffs on China — steel, aluminum, dishwashers, solar, a lot of increased countervailing duties to stop the dumping. We had zero inflation from any of that,” Navarro told CNBC on Tuesday.
“So I would say that just go back and play all the interviews that were done on CNBC of people back in the first term with their hair on fire, worrying about inflation,” Navarro continued. “It never happened, and it’s the same movie this time.”
Indeed, as Breitbart News has chronicled, research has continuously shown that tariffs on foreign imports under Trump are unrelated to inflation that reached record highs under President Joe Biden following the passage of the Inflation Reduction Act.
It appears “transitory” inflation is back on the rise again. Take a look…
YouTubeTV just raised the cost of its basic service by $10 per month—a 14% price hike. If you’re on top of your email, you might have seen the notification. But you won’t see any mention of the price hike where you actually consume the product, on your television or other streaming gizmo.
As the Federal Reserve prepares to decide on another interest rate cut this week, people close to President-elect Donald Trump’s economic team are urging caution, warning that inflation risks may be underestimated even as price growth has moderated in recent months.
Dollar stores are reporting softened demand and increased financial stress among their lower-income consumers, according to The Wall Street Journal.:max_bytes(150000):strip_icc():format(webp)/GettyImages-2189155330-d216949b60a74999bb87b567a7f610c8.jpg)
Not long ago, the Federal Reserve’s favorite measure of inflation looked tantalizingly close to the central bank’s goal of a 2% annual rate. But in November, it likely headed in the wrong direction.
WASHINGTON (AP) — Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected.
Price growth sped up a bit in November, a sign that efforts to cool inflation may be stalling.
As with the pandemic, the event is probably designed to start slowly, and then escalate over time. I believe many of these “drones” are alien tech created by the “breakaway civilization” group. Not mentioned in the interview – I suspect the ultimate planned event would be a “decapitation” attack, which will be blamed on a false-flag target. Remember them pre-bunking how “Iran wants to assassinate Trump” a month or two back? Senile Joe (and maybe even Cackles) could end up “dying suddenly” following attacks on the White House – but only after all the pre-pardons, of course. If I were Senile Joe & Cackles, I’d hold off with those “pre-pardons” until the very last moment. Trump probably would be a target too.
When one of my readers sent me a photo of egg prices at a store in western Washington state, I could hardly believe what I was seeing. I clearly remember when I could purchase a carton of quality eggs at the grocery store for just 99 cents, but thanks to inflation and a bird flu crisis that never seems to end, those days are long gone. Now it is common to pay five, six, seven or even eight dollars for a carton of eggs. In fact, it probably won’t be too long before we crack the ten dollar barrier. In the old days, eggs were considered to be a very inexpensive way to feed your family, but now eggs prices have gone completely insane.