When President Trump took office, he instituted policies to level the playing field in trading between America and other countries. The tariff system that was in Place when President Trump took office was not beneficial to America. The mainstream media immediately began clutching their pearls and claiming that the tariffs were going to send inflation through the roof. Funny, they never said much about inflation going through the roof when President Biden was in office.

On August 17, Zero Hedge reported the following:

Update (1020ET): President Trump rage-posted about the lack of inflation amid all the tariff-fearmongering…

“Trillions of Dollars are being taken in on Tariffs, which has been incredible for our Country, its Stock Market, its General Wealth, and just about everything else.

It has been proven, that even at this late stage, Tariffs have not caused Inflation, or any other problems for Country, other than massive amounts of CASH pouring into our Treasury’s coffers.

Also, it has been shown that, for the most part, Consumers aren’t even paying these Tariffs, it is mostly Companies and Governments, many of them Foreign, picking up the tabs. “

Then took direct aim at Goldman Sachs:

“But David Solomon and Goldman Sachs refuse to give credit where credit is due.

They made a bad prediction a long time ago on both the Market repercussion and the Tariffs themselves, and they were wrong, just like they are wrong about so much else.

I think that David should go out and get himself a new Economist or, maybe, he ought to just focus on being a DJ, and not bother running a major Financial Institution.”

Ouch!

The article includes a number of graphs explaining exactly what items have increased in price and by how much. Please follow the link to read the article.