In the first months of government, President Donald Trump announced a series of economic changes that includes the imposition of tariff rates to certain products imported from several countries in which its main commercial partners and neighbors are located.
The uncertainty about the economic stability with which it was coming to the decisions by the Federal Reserve to reduce inflation in recent years, He increased and also increased panic among US consumers in the face of possible price increases that new levies suppose.
Inflation although it is above the federal reserve objectives with 2.7%the prices of services and goods in the country have doubted economists about the expectation they had after the entry into force of tariffs since they have remained relatively stable.
In this sense, they expose some reasons why inflation in the US has not increased despite Trump’s tariffs. First, they mention that the taxes have not been as high as expected.
For White House spokesman, Kush Desai “Despite the pessimistic predictions about inflation and recession, months have passed since the day of liberation, and inflation tends to an annualized rate not seen from the first mandate of President Trump, While a recent analysis of the Council of Economic Advisors concluded that the prices of imported goods are, in fact, decreasing, ”he said.
For his part, Mark Cus, Barclays economist “While the assets subject to rights face high tariff fees, a substantial part of American imports remains free of taxes.”he mentioned what has allowed to keep prices.
Another of the reasons why inflation has not triggered according to specialists is that for now the retailers are assuming the costs of certain articles and products, this can happen until the inventory must replace and face the new rates.
In this regard, The analysts of the Investment Advisor Capital Economics commented on a report that companies have currently been willing to absorb the initial impact through lower margins, “Although we suspected that it was mainly temporary development, since these companies expected more clarity about where tariff rates would be settled,” they said.
Finally, economists agree that the impact of tariffs will not be immediately and instead tend to boost inflation gradually. “Until now, the impact of tariffs on final consumer prices has been limited, but we still hope to gradually increase in the second half of this year ”Economics Capital Analysts indicated.
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