Bloomberg Businessweek US Inflation Eases, Offering Some Relief Ahead of Tariffs
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Mar 12, 2025 Stuart Paul, a U.S. economist at Bloomberg Economics, discusses the easing of inflation and its implications for American households amid rising tariff fears. Joe Deaux, a Metals & Mining Reporter, sheds light on the retaliatory effects of U.S. metal tariffs. Ed Price, a Senior Fellow at NYU, reflects on how President Trump has shifted U.S. policies and global relations. They explore the intricate interactions between consumer prices, trade dynamics, and the broader economic landscape.
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Inflation Eases, But Tariffs Loom
- US consumer prices rose at the slowest pace in four months in February, offering some relief before expected tariff increases.
- Economists anticipate escalating trade wars will drive up prices on various goods, testing consumer resilience and the broader economy.
Caveats in the Inflation Report
- The February inflation report has several caveats, including the fact that it came before most tariffs took effect.
- Much of the disinflation came from seasonal factors like airfares, while core goods prices are rising, causing concern.
Tariff Retaliation
- President Trump's steel and aluminum tariffs triggered concern across Asia and immediate reprisals from the EU and Canada.
- Canada announced new 25% tariffs on about $20.8 billion of US-made products, including steel, aluminum, and consumer goods.