Sen. Elizabeth Warren appeared on CNBC Wednesday to speak about tariffs and their influence on American customers—and make Trump apologist host Joe Kernen appear like an absolute idiot within the course of.
When Warren warned that producers would use tariffs as an excuse for worth gouging, Kernen tried to argue {that a} current drop in egg costs proves that worth gouging isn’t a factor (by no means thoughts the current federal investigation into egg worth fixing). Warren proceeded to flummox the enterprise host by citing Federal Reserve Chair Jerome Powell’s current evaluation of President Donald Trump’s previous tariffs—particularly his 2018 tariffs on washing machines.
“No surprise, the price of washing machines went up,” Warren defined. “But the shocking part is the price of dryers went up as well, even though there was no imposition of tariffs on those.”
Kernen tried to deflect by reminiscing about line-drying clothes when he was younger, which might get rid of the necessity for a dryer.
“I love the way you’re changing the subject,” Warren, whose historical past of client advocacy consists of calling out tv hosts’ BS, interjected earlier than getting again to the difficulty at hand: a hike within the worth of dryers regardless of no tariffs on the merchandise. “That’s an example of price gouging.”
The checklist of corporations warning they are going to move rising prices on to American customers simply retains rising. However whilst the worldwide financial system spirals towards recession, Trump can solely threaten American customers with extra damaging tariffs—and extra chaos.
