Macho-Pessimists Say Inflation’ll Be Back
Tariffs will bring it with an unblinking certitude; the only question is when.
Tariffs pushing up prices can’t be reasoned with.
Source: CBS/Getty
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Where is the tariff inflation? A growing number of macho-pessimists are convinced, much like Arnold Schwarzenegger’s “Terminator,” that rising prices will soon be back. The US has been slapping tariffs on a range of imports for a few months, and that’s already shown up in a sharp increase in the money being paid in import duty: