US Corporate Profit Fat Offers Cushion for Absorbing Tariffs
I'm Ben Holland, an economics editor in Washington. Today we're looking at the implications for inflation from US corporate profit margins. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren't yet signed up to receive this newsletter, you can do so here.
More than four months into the most aggressive ramp-up in US import duties in the postwar era, there's barely a trace of tariff-led inflation. One potential explanation some economists are offering: US retailers are absorbing a chunk of the costs.
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