Justin Wolfers Says: The Trade War Is Fueling Inflation—And It’s Only Just Begun скачать в хорошем качестве

Justin Wolfers Says: The Trade War Is Fueling Inflation—And It’s Only Just Begun

ABC News Live, October 24, 2025. As consumer prices climb 3% year over year, Justin Wolfers explains how tariffs are beginning to hit American consumers. Goods like beef, electronics, and furniture are seeing price jumps as the full weight of the trade war starts to show. Economist Justin Wolfers doesn’t mince words about the president’s decision to halt trade negotiations with Canada. He explains why protectionism defies decades of bipartisan consensus—and how that political decision risks fueling inflation just as the Fed moves to cut rates. Wolfers explains: • Why goods inflation is now joining services inflation • How tariffs ripple through prices on imported goods • Why corporations, not foreign producers, are eating most tariff costs—temporarily • The economic fallout from cutting off trade talks with Canada • Why Reagan’s stance on tariffs matters in today’s debate • How the Fed’s expected rate cut won’t offset trade-driven inflation When politics overrides economic sense, consumers pay the price. 🎯 Key takeaway: The trade war’s impact is only beginning to appear on store shelves.