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New York Fed research found that if not for Trump's tariffs, goods prices would have declined. Many news outlets haven't yet covered it.

Media Matters for America · Media Matters for America · last updated

On October 6, the Federal Reserve Bank of New York published an article to its Liberty Street Economics blog that included a chart showing that President Donald Trump’s tariffs directly led to a higher inflation rate and that without those tariffs, consumer goods prices would have declined. Through October 7, most major news organizations had failed even to mention this research yet.

Even though Trump promised and failed to deliver on quickly lowering consumer prices, Fox News continues to pin blame for voters’ affordability concerns on Democrats.

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