In July, consumer inflation cooled and producer headline inflation was below expectations. And the CPI and PPI reports expose The Great Transshipment Scam. The proper response is TRADE ENFORCEMENT. Read and subscribe to my substack to receive updates:

Consumer and producer inflation data for July indicated a cooling trend, with producer inflation falling below expectations. Navarro claims these reports expose a "Great Transshipment Scam" and calls for "TRADE ENFORCEMENT" as the proper response.