As of April 17, 2025, concerns about "tarifflation" and "Trumpflation" dominate economic headlines, with predictions of steep price hikes for consumer goods due to the Trump administration's sweeping tariffsā145% on $541 billion of Chinese imports, 10% on non-Chinese imports, and 20ā100% on select countries. Despite these fears, retail prices have largely held steady: iPhones still start at $799, shirts average $50, and PlayStation 5s remain $499. This price stabilityāalongside declining inflation (Truflation at 1.4%), plunging consumer sentiment (University of Michigan Sentiment Survey at 50.8, near record lows), and sluggish retail sales growth (1.8% YoY)āsuggests Trump's economic agenda may be mitigating the risks of a consumer-led recession and deflation, rather than triggering hyperin