Folks store at a grocery retailer in New York Metropolis on March 12, 2025. Samira Bouaou/The Epoch Instances
A brand new report from the White Home Council of Financial Advisers discovered that costs for imported items have dropped within the first 5 months of the 12 months, though total items costs have risen in the identical interval, difficult the notion that President Donald Trump’s tariff insurance policies are fueling larger inflation.
“Imported items are literally getting cheaper,” Steve Miran, chair of the Council of Financial Advisers, mentioned in a July 8 interview with Fox Information in regards to the report’s findings.