A reminder that tariffs are just another tax on consumers... and by creating inflation, they hit a lot of collateral victims - i.e. investment in the economy (borrowing becomes more expensive), which slows economic growth.
www.cnbc.com/2026/10/08/i...
cnbc.com
Inflation on many everyday items was entirely due to tariffs, NY Fed says
Tariffs added 2.9 percentage points to inflation in 67 categories of goods by February 2026, researchers at the New York Federal Reserve found.
