Sorry Democrats… Import Prices are Down Despite Trump Tariffs!
Added 09-13-19 10:41:02am EST - “President Trump has said for years that the US was hurt by politicians that didn't protect US jobs.? He decided to do something about and the US is winning because of it! The far-left Washington Post wrote in August that President…” - Thegatewaypundit.com
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Consumers, whose spending fuels about 70 percent of the U.S. economy, have been largely shielded from previous rounds of tariffs, which have left businesses reeling and upended global supply chains. But that’s about to change with the 10 percent levies on roughly $300 billion in Chinese imports, about a third of which will take effect Sept. 1. Those tariffs will primarily target consumer goods.
But it was just more fake news from the far left Washington Post.
The Bureau of Labor Statistics reported this morning that the costs of imports actually went down in August.
Prices for U.S. imports fell 0.5 percent in August following a 0.1-percent increase in July and a 1.1-percent decline in June. With the exception of the August and June decreases, U.S. import prices advanced in each month of 2019. Despite the increases, the price index for U.S. imports declined 2.0 percent from August 2018 to August 2019. (See table 1.)
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