The economy may be moving out of stagflation into mild recession. The economy is weaker than tRump thinks. The opposite of inflation, which generally accompanies an overheated economy, is deflation which accompanies a contracting economy.

It fits with the increase in unemployment recently.

This is Producer Prices. We need to see what Consumer Prices are tomorrow. If they are up, then I don't know what to think other than maybe some kind of lag. If they are down, then 0.5% cut in Fed Rate is pretty much guaranteed.

The top person was fired by tRump, but the nominee has not been confirmed.

Even when his nominee is confirmed (presumably), the procedures and data will be open until further notice. Plus we will find out if there is any pressure on the pros to bend numbers. Then you can mistrust the numbers.

Until then beware that misplaced cynicism is a form of wilful blindness. Fascists lie about everything to make the public believe nothing. We must not play their game.

It's simply not logical.
If tariffs are affecting sub-assemblies used in manufactured good, the cost to produce can't go down.
Unless there is a massive short term inventory dump across multiple sectors, it is not logical that cost of production would fall.