A $100 billion mystery is unfolding on tariffs and inflation and economists are cracking the case

fortune.com/2025/07/13/who-pays-tariffs-inflation-trump

Economists have for months warned that tariffs would cause an inflation surge, but as of July, there’s little evidence of that in economic data, despite about $100 billion in tariffs already collected by the Treasury. Fortune asked economists to explain why. The possible reasons range…

This story appeared on fortune.com, 2025-07-13 14:20:37.152000.
The Entire Business World on a Single Page. Free to Use →