Renewable Energy
Bank of America’s Report on Tariffs
Yesterday, analysts at the Bank of America said tariffs have raised prices for consumers. They wrote in a note that consumers have covered about 50% to 70% of the cost of levies to date and suggest tariffs will continue to put “upward pressure” on inflation.
Many Americans believe that the financial pressure that working class people are experiencing will result in massive losses for Republicans at the polls. While I’d like to agree, it seems that the “average Joe” is unaware that tariffs, cuts to healthcare, etc. are actually causing him pain.