Didn’t Democrats say prices would go up?

Commodities prices and interest rates collapsed across the board following President Donald Trump’s April 2 announcement of reciprocal tariffs on U.S. trade partners despite Congressional Democrats’ predictions that inflation would increase as a result of the tariffs.

Crude oil went from $72.22 prior to the announcement down to $66.12 per barrel as of this writing, a 8.4 percent decrease.

Hot rolled coil steel’s June contracts went from $822 to $817 per short ton, a 0.6 percent decrease.