Quote:
Originally Posted by tucker6
Yes, that's why I'm asking you. All you have is bits and pieces that support your viewpoint. I was simply asking for a neutral set of data.
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Overall CPI is up over last year. Metal and Metal products are outpacing the rest of the index. I honestly don't know how much of that is caused by tariffs. Other factors undoubtedly play a role like the tax cuts and spending bill which are pumping dollars into circulation.
I think you're making the mistake of using a macro tool to look at micro section of the economy. I wouldn't expect a tariff on $50-100 billion in goods to have that large of an overall impact on a $18 Trillion dollar economy.
As you've stated before these are just drops in the bucket. Using a tool like CPI isn't really the best idea in that situation.
If we applied tariffs to say $500 billion Chinese imports... then yes CPI may begin to gain some usefulness.
