Trump: “I Can’t Guarantee” Tariffs Won’t Raise Prices

The Associated Press reports:

Trump has threatened broad trade penalties, but said he didn’t believe economists’ predictions that added costs on those imported goods for American companies would lead to higher domestic prices for consumers. He stopped short of a pledge that U.S. households won’t be paying more as they shop.

“I can’t guarantee anything. I can’t guarantee tomorrow,” Trump said, seeming to open the door to accepting the reality of how import levies typically work as goods reach the retail market.

That’s a different approach from Trump’s typical speeches throughout the 2024 campaign, when he framed his election as a sure way to curb inflation. In the interview, Trump defended tariffs generally, saying that tariffs are “going to make us rich.”

Read the full article. In the clip below, Trump claims “we took in hundreds of billions from China” due to tariffs imposed during his first term. As usual, he fails to mention that those tariffs were paid by US companies.