Since US President Donald Trump announced sweeping global tariffs on April 2, inflation has become the buzzword among policymakers, experts, and the public. The administration has tried to smooth out price worries with pauses, exemptions, and tweaks, and the monthly US consumer price index (CPI) readings have barely budged: +0.2% in April, +0.1% in May, +0.3% in June, and +0.2% in July.
Treasury Secretary Scott Bessent, the lead US negotiator, has been quick to celebrate these tame numbers. He points out that people often overlook other moves by the Trump team—like deregulation, tax cuts, and a boom in energy production—that aim to keep costs down for businesses and consumers.
But beneath the calm surface, history and economic signals are flashing warning signs. 🔍💡 After the initial headlines fade, these small but steady CPI increases could be the early sparks of broader inflation. Latin American youth, business pros, students, and globe-trotters: keep an eye on your wallets and the markets as this story unfolds! 🌎💸
Reference(s):
cgtn.com
