What was the expected impact of tariffs on U.S. inflation by the end of 2025, per Capital Economics?

What was the expected impact of tariffs on U.S. inflation by the end of 2025, per Capital Economics?

  • Correct Answer: Peak around 4%
  • Peak around 2%
  • Peak around 3%
  • No change

Explanation: Capital Economics estimated Trump’s tariffs would push U.S. inflation to a peak of around 4% by the end of 2025.

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