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Business & Economics

Tariffs, trade war inflation impact to be 'pretty ugly' by summer, economists say

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Summary
Nutrition label

83% Informative

Tariffs are a tax on imports, paid by U.S. businesses.

Importers pass on at least some of those higher costs to consumers.

Food prices will be among the early indicators, then physical goods, economists say.

Consumers will lose $ 4,400 of purchasing power in the "short run," according to a Yale Budget Lab analysis.

VR Score

91

Informative language

94

Neutral language

61

Article tone

semi-formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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