‘Sneakflation’: How Trump’s tariffs are gradually raising costs for American consumers | CNN Business
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When tariffs are tacked on to many imported goods, someone’s got to foot the bill.
  • reallykindasorta@slrpnk.netEnglish
    5·
    9 months ago

    Coupled with a lower dollar too so it takes (~10%) more dollars to pay for an item even without inflation.

    I think people are being a bit slow to notice because the low dollar also makes the stock market look like it’s up 10% since we usually look at it in terms of USD exchange. Makes people feel like the economy is doing fine.