> what we’re seeing now is spread across the entire economy, suddenly
Including in sectors that aren't affected by tariffs at all, that's the thing.
> the assertion that the theory that sudden tariffs cause sudden price increases doesn’t have predictive value, when basically every sober analyst predicted what we are seeing now.
You are misunderstanding. Tariffs will cause price increase with certainty. But so will lowering the USD value on FX markets, and so will adding massive uncertainty to businesses (including, but not limited to, the prospect of higher inflation in the near future), etc.
Tariffs will cause price hikes, but attempting to measure tariffs effect by observing price variations simply cannot work.
Real life prices are influenced by much more than just supply and demand.
Including in sectors that aren't affected by tariffs at all, that's the thing.
> the assertion that the theory that sudden tariffs cause sudden price increases doesn’t have predictive value, when basically every sober analyst predicted what we are seeing now.
You are misunderstanding. Tariffs will cause price increase with certainty. But so will lowering the USD value on FX markets, and so will adding massive uncertainty to businesses (including, but not limited to, the prospect of higher inflation in the near future), etc.
Tariffs will cause price hikes, but attempting to measure tariffs effect by observing price variations simply cannot work.
Real life prices are influenced by much more than just supply and demand.