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
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