Posted 4/3/2025 06:52 (#11172785 - in reply to #11172655) Subject: RE: Trump Tariffs = Biden’s “IRA” = Inflation.
The substitution effect does temper inflationary pressures, but will not zero out inflation increases. This substitution effect will also be muted since a blanket tariff has been put in place that will eliminate some areas where possible substitutions could take place.
Trump Tariffs = Biden’s “IRA” = Inflation.
