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Trump’s Massive Import Taxes Haven’t Done Much Economic Damage

  • Inflation eased last month while hiring remained strong in April, despite ongoing economic concerns related to tariffs.
  • Trump's tariffs are the highest since the Great Depression, with climbing prices expected to reduce household purchasing power by $2,800.
  • The tariffs are projected to reduce U.S. Economic growth by 0.7 percentage points and raise the unemployment rate by nearly 0.4 percentage points.
  • A Federal Reserve study indicated that Trump's tariffs led to higher prices within two months of their implementation, suggesting consumers may face increased costs soon.
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67 Articles

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Center
31
Right
6
The ConversationThe Conversation
+4 Reposted by 4 other sources
Center

Is Donald Trump doing the world a favour by isolating the United States?

Loosening the American grip on global power could be an essential first step towards achieving a more just and balanced international order.

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Bias Distribution

  • 61% of the sources are Center
61% Center
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Associated Press News broke the news in United States on Monday, May 19, 2025.
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