The tariffs are here. Inflation isn’t. What gives?

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is a senior correspondent at Vox. He covers a wide range of political and policy issues with a special focus on questions that internally divide the American left and right. Before coming to Vox in 2024, he wrote a column on politics and economics for New York Magazine. President Donald Trump’s tariffs remain so high and broad that they could disrupt supply chains and yield shortages. Getty Images Over the course of April, President Donald Trump imposed large tariffs on goods from every country in the world, pushing America’s average levy on imports to its highest level in roughly a...