EU and Mexico criticise Trump's proposed 30% tariff

Which was apparently expected. Does that make you feel better about the increase on consumers?

BTW, digging into this, goods increased. What caused the lack of change was a decline in price for travel and related services due to decreasing demand. Good news, right?

 

How does this relate to tariffs? As a liberal CNBC states, it’s conflicting with yesterday’s data. Yet you can twist it however you want.

 

Well, tariffs are directly on goods. Their prices increased by 0.3% in June. This was broad based across goods categories. On the other hand, services declined by 0.1%. This was heavily driven by travel related costs falling, specifically hotels (which was half the decline itself), airfare, and food and alcohol wholesaling. Services are not directly tariffed, but it is possible that tariff policy, combined with immigration policy may have harmed demand for those things forcing their prices down.

 

They’re not telling you what end tables you’re allowed to purchase. People are free to make whatever decisions they want with their wallets

 

I still think that this is likely true: goods will become more expensive as inputs increase and competition decreases. Services will become cheaper as demand decreases. These shifts will have competing effects on many metrics.