Macro Strategy Insights

Will Tariffs Outweigh CPI?

Markets shrugged off high headlines on PPI, for a variety of valid reasons. Now we can move on to CPI (where I see the “whisper number” as a “lower than expectations” print). I’m more focused on tariffs. My recollection of tariffs was that far more economists reacted negatively to the initial round of tariffs imposed by President Trump in 2018. I figured I’d check with ChatGPT to see if my perception was correct: “The media reaction to President Trump’s tariffs in 2018 was largely negative, with widespread criticism from economists, business groups, and various sectors impacted by the tariffs. Economists’ ... Will Tariffs Outweigh CPI?

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