5 things to know about the latest inflation report

The Hill cited CEI’s expert on Trumps tariffs and inflation

Additionally, many of Trump’s tariffs apply to component parts rather than finished consumer goods. The extra cost of tariffs takes time to move through a value chain as a final good is assembled.

“A majority of U.S. imports are not consumer goods. They are inputs that US manufacturers use, such as raw materials and machinery components,” Ryan Young, senior economist with the Competitive Enterprise Institute, wrote in a commentary. “These price increases take time to work their way through supply chains down to consumer goods.”

Read more at The Hill