US trade chief defends tariffs as Democrats say Trump ‘in denial’ over price hikes
Summary
US Trade Representative Jamieson Greer told senators that President Trump's tariffs have not caused price increases for American families. Democratic senators disagreed, saying studies show tariffs have raised costs and contributed to higher prices, especially with inflation already increasing.Key Facts
- Senator Elizabeth Warren asked if tariffs raised prices for US families; Greer said no.
- Core inflation (not including food and energy) fell to 2.6% year-over-year, according to Greer.
- Democrats estimate families pay about $1,700 more in costs due to tariffs since President Trump returned to office.
- The US Supreme Court ruled many Trump tariffs illegal in February.
- The US replaced those tariffs with a 10% tariff on many imports, which is set to expire soon.
- Trump officials plan to put new tariffs in place after the current ones expire.
- Senator Raphael Warnock said tariffs made life more expensive before recent energy price rises.
- Greer has not provided peer-reviewed studies disproving that tariffs increased inflation.
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