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Tag: tariffs and inflation
Tariffs and Inflation: How U.S. Trade Policy in 2025 Is Shaping Prices, Power, and Precedent
Tariffs and Inflation: In May 2025, the United States experienced a notable increase in core consumer prices, largely attributed to the implementation of new import tariffs under the Trump administration. The core Consumer Price Index (CPI), excluding food and energy prices, rose by 0.3% in May, the highest monthly gain since January, according to the latest data reported by the U.S. Bureau of Labor Statistics. This followed a 0.2% increase in April, pushing the annual core CPI inflation rate to 2.9%. While some policymakers argue that this inflationary trend reflects a healthy economy, economists and legal analysts have raised concerns about the broader implications of unilateral tariff implementation.