The Wall Street Journal on Thursday pointed out how current economic data isn’t actually “bearing out” the Trump White House’s “optimism” that inflation has been “vanquished.”
“Sorry, Inflation Still Lives,” the newspaper’s conservative editorial board ― which is needling Trump on an almost daily basis at the moment ― titled its essay. Read the full op-ed at the Wall Street Journal.
“President Trump’s tariffs are clearly driving up some prices, especially in food and goods,” the board wrote, noting that “businesses report that they’ve run through inventory they stockpiled before Mr. Trump’s tariff barrage and are starting to pass on their higher costs to customer.”
“Trump’s restrictive immigration policies are contributing to labor shortages, which may be pushing up wages and prices in industries like agriculture, construction and hospitality,” it added.
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