Counselor to @SecScottBessent @Lavorgnanomics: “Imports of goods were down, and the Consumer Price Index fell even more. So it’s not even like inflation is under 2%, it actually fell for those goods that were supposed to go up because of the tariffs. It’s remarkable. And it reflects the fact that foreign producers have absorbed this. The U.S. being the biggest consumer in the world really dictates the terms, and President Trump knows that.”