Down by less than 1%.
From your chart:
From two years ago, it's a 1.6% increase.
Since President Trump was elected, it's up by 4.5%.
-PJ
>>>From your chart:
Nov 2016: 101.5178
Nov 2017: 104.4259
Nov 2018: 106.8101
Nov 2019: 106.0932
That comes to a 0.67% drop.
From two years ago, it’s a 1.6% increase.
As you note, 2018 saw strong growth. But the tariffs really only started hitting in the second half of 2018 and escalated in 2019, which saw the decline.