And that's the only insight we have. And we're just kind of wanting to see more data on that before we move forward. One final question about data. Our trade deficits with China, the EU, Canada, and Mexico have all significantly dropped recently. What does the data tell us about that? Well, I think that's how that would affect inflation. How it would affect inflation. I don't know that it has implications for inflation, but it obviously reflects the tariffs. (04:56–05:03)
CLAIM
Asserts that trade deficits with major trading partners have decreased recently.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
