Auto Prices Up Just 1 Percent From a Year Ago Despite Steel Tariffs

A measure of U.S. business prices edged up less than expected in February, once again indicating that tariffs have not weighed on the American consumer. Ever since the Trump administration announced it would impose tariffs on imported steel and aluminum a year ago, many economists have been predicting that rising U.S. tariffs would drive prices higher for U.S. consumers, with some describing tariffs as a “tax on consumers.” Cars, in particular, were supposed to see prices soar. -- More....