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A $100 billion mystery is unfolding on tariffs and inflation and economists are cracking the case

A 0 billion mystery is unfolding on tariffs and inflation and economists are cracking the case

Since the first weeks of President Donald Trump’s second term, when the president signaled a wholesale reimagining of the international trade system on a scale not seen in decades, mainstream economists have warned that prices would surge. The mantra, repeated by everyone from mainstream economists to factions of the GOP, has been clear: A tariff is a tax on consumers. …

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