The tweet was deleted by the author.
But we saved everything 🙂.
Erica York has issued a reminder that tariffs can reduce household income.
The broader impact on overall price levels, however, will depend on the actions of the Federal Reserve.
York's caution comes amid heightened scrutiny of tariff policy, following a period when U.S. goods imports surged to $255 billion and tariff rates climbed sharply to 12.3 percent, as detailed in recent analyses of trade data. The ongoing interplay between tariff measures and broader economic policy remains central to debates on household prosperity and inflation trajectory.