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Bloomberg Television

Biden economist expresses concern for Trumpโ€™s tariff plans#shorts #politics #trump #tariffs ๐Ÿ˜‹

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it’s pretty well established within the economics profession that tariffs equal higher prices for consumers we just went through uh a two-year bout with inflation from the end of the pandemic until about mid 2022 uh and we learned you know it’s obvious Americans don’t like inflation and so you know I am worried about an Administration that comes in and does what president Trump has said he’s going to do which is just jack up tariff rates uh across the board and and not in a targeted way way like like Joe just said but in a really crude across theboard way which just means higher prices for Americans so I’m obviously as an economist very concerned about that

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