Why hasn’t US inflation boomed?

Why hasn’t US inflation boomed?

When US President Donald Trump announced a swath of tariffs on virtually every US trading partner on April 2 – which he dubbed “Liberation Day” – most economists had the same warning: prices will rise. What’s more, Trump’s plan to deport millions of undocumented migrants and his adviser’s idea to weaken the US dollar would add to the buoyant pressure on prices.Exactly three months on, those inflation distress calls appear to have been misplaced:…