How do these economic ignorance’s ever get time on T.V. Absolute barbara streisand. There’s too much to explain about how economics and pricing works. Suffice it to say, NO prices won’t increase any where close to that percentage. Prices will likely decrease if “say” the price of diesel fuel goes down.
I was also amazed that this guy, who’s a “senior” analyst and a CNN VP, could have been so wildly off.
There are already tariffs on Chinese goods, and Trump is proposing to increase those tariffs by 10%. Even factoring in some CNN liberal bias, it’s absurd to suggest that prices would rise 250%!
Exactly! I further suspect that the producers in China will simply eat the tariffs, temporarily at least, to avoid losing their market here. Without an outlet for its goods, China is looking at ruinous deflation, a fate it cannot afford.