See every side of every news story
Published loading...Updated

The National Observer: Tariffs' Inflation Effect May Be Less than Initially Expected

UNITED STATES, JUL 8 – White House economic advisor cites falling imported goods prices and tariff delays as reasons tariffs are unlikely to drive significant inflation, according to a recent council report.

  • Stephen Miran, who leads the Council of Economic Advisers under President Trump, told CNBC that there is currently no indication that tariffs have caused prices to rise.
  • This statement followed President Trump's announcement of tariffs on nearly every country in April and delays in implementing some of the most severe tariffs.
  • A White House report examining key inflation measures, including the PCE—which tracks consumer spending—and the Consumer Price Index, found that prices for imported goods have decreased since December, while overall goods prices have largely remained stable.
  • Mirroring this, Miran likened the odds that tariffs would cause higher prices to a meteorite striking Earth and noted, “there’s just no evidence thus far of it happening.”
  • Despite some price increases for individual goods, these findings suggest tariffs have not driven broad inflation yet, though some economists expect prices to rise in coming months.
Insights by Ground AI
Does this summary seem wrong?

12 Articles

All
Left
2
Center
4
Right
2
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources are Center
50% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

NBC Miami broke the news in Miami, United States on Tuesday, July 8, 2025.
Sources are mostly out of (0)