"Neither the tariffs placed on steel and aluminum imposed a year ago nor the more recent ten percent tariff on Chinese goods pushed prices of goods sold to consumers up. And now we have price data from May that once again indicate no tariff pricing pressure on consumers.
...
Durable goods, products purchased by consumers and businesses that are expected to last three-years or more, are a good place to look for signs of tariff-led inflation. The producer-price data shows that prices of raw materials used in durable goods manufacturing fell 0.4 percent in April, the second consecutive monthly decline, and are down 0.9 percent from last year. Components for durable goods, the prices of parts that go into durables, were up just 0.1 percent in May and are up 1.6 percent from a year ago.

The nondurable goods category is where we might see signs of the China tariffs. Materials prices here rose 0.8 percent in May, a reversal of two months of decline in April and March. Compared with a year ago, however, prices are down 3.5 percent. Parts rose 0.1 percent for the month and are up just 1 percent compared with a year ago."

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We never needed stinkin' chicoms and we don't need them now or ever!