Sen. Elizabeth Warren wouldn’t let CNBC host Joe Kernan change the subject and try to ignore price gouging taking place because of Trump’s insane tariffs. Whether he paused the tariffs or not, the price gouging will continue. Guaranteed.
Sen. Warren joined CNBC’s Squawk Box for a lengthy interview where she called on Congress to step up and rein in the ridiculous economy-busting tariffs Trump is imposing,
Co-host Becky Quick asked about the chaos Trump has caused.
QUICK: Those items will be coming in to the middle of to the end of May without having a tariff on them. You said you’ve been hearing from businesses that are already raising prices on this. Are they gouging by raising prices before their own prices go up?
WARREN: Look, if they simply are passing along increased costs, that very much is a tax on the American people when they do that. But there are businesses that are already saying quite publicly, yup, they’re worried. And so they’re raising prices now. And this is actually one of my most serious concerns about the tariffs.
Once everyone starts talking about price increases and remember, this started last Friday with Jerome Powell saying that he’s very concerned that we’re going to see inflation, that his costs are going to go up across the board for everything that consumers buy.
