Media Bias Fact Check (MBFC) publishes daily vetted fact checks from verified IFCN-approved sources. Each claim is independently reviewed for accuracy and context.
Claimant: Social Media
Claim: Bank of America reported “overwhelming evidence” showed tariffs imposed by U.S. President Donald Trump raised consumer prices.
Rating: TRUE
Explanation: Bank of America economists stated that tariffs significantly contributed to inflation, with U.S. consumers absorbing 50%–70% of the costs. The bank warned that elevated prices would likely persist under continued tariff policy.
Date: 11/07/2025
Last Updated on November 7, 2025 by Media Bias Fact Check
Do you appreciate our work? Please consider one of the following ways to sustain us.
or
Left vs. Right Bias: How we rate the bias of media sources