This is a massive tax increase, isn't it? I'm not exactly sure what the inflationary impact is going to be on this. You know, again, Imports aren't, I don't think any more than 15% of total consumption. So even a 10% tariff on all imports would not be that particularly inflationary. It would be a one time event. Again, I just don't know how this all ends up. (04:43–04:48)
CLAIM
Asserts that imports constitute no more than 15% of total consumption.
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