President Trump said that his tariffs have caused “ZERO IMPACT” on inflation, citing a study from the Council of Economic Advisers (CEA).
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
“Someone should show this new Study to ‘Too Late’ Jerome Powell, who has been whining like a baby about non-existent Inflation for months, and refusing to do the right thing,” said Trump in a Truth Social post on Tuesday.
Tariffs Benefit the U.S., Says Trump
The CEA’s study also shows that import prices have fallen, with Trump claiming that “Tariffs are making our Country ‘BOOM.'”
Powell has refused to cut interest rates in recent months, with the last reduction occurring in December 2024. He has repeatedly cited the risk of tariff-driven inflation to support his stance.
According to TipRanks’ Trump Dashboard, which analyzes Trump’s posts, Caterpillar (CAT), Ford (F), General Motors (GM), and two other stocks will likely be affected by his statement.
