It’s not just tariffs on steel and aluminum that went into effect today — it’s tariffs on hundreds of products made from those metals: air conditioner parts, aircraft parts, kitchen appliances, nuts and bolts, bulldozer blades and much, much more.
Inflation in the United States cooled down quite a bit in February. The consumer price index just dropped, and it’s a break we really needed: 2.8% yearly inflation. That’s not quite as low as we’d like it, but it’s better than the month before.