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Trump’s biggest inflation worry might not come from his tariffs on goods
服务业通胀背刺特朗普

The president could plausibly be blamed for rising prices in services including power, health and education
艾伦•贝蒂:如果特朗普如此关注的商品领域的通胀,对他的伤害小于他似乎远没那么在意的服务业的通胀,那将是一种奇特的报应不爽。

The world’s trade and macro wonks have a new and exciting drama to watch. When will the Trump tariffs hit American consumers with higher prices? Will tariff inflation be like the poet Richard Armour’s description of shaking a ketchup bottle, “None will come, and then a lot’ll”? Or will it be Samuel Beckett’s Godot, always expected but never arriving? Will the Supreme Court, like a disinflationary vigilante posse, head off price rises at the pass by gunning down the tariffs as unconstitutional?

世界各地研究贸易与宏观manbetx20客户端下载 的学究们有一场激动人心的新鲜大戏可看了。特朗普关税会在什么时候给美国消费者带来更高的物价?关税通胀效应会像诗人理查德•阿穆尔(Richard Armour)描写摇晃番茄酱瓶子那样,“先是怎么都倒不出来,然后流出来一大堆”吗?还是会像剧作家塞缪尔•贝克特(Samuel Beckett)笔下的戈多(Godot),一直期待他来,却永远等不来?最高法院会像自发组织起来抗击通胀的治安团那样,判决这些关税违宪,从而阻止物价上涨吗?

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