I think there's no doubt that our trading partners have definitely taken advantage of America. He's trying to reset that and it's not an easy thing to do. I will say that The generalized 10% tariff, the impact on inflation is pretty imperceptible and a one-time thing. if you think about it. At most it's applied to the wholesale cost of goods. At most that's 50% in many cases, probably more like 10 or 20%. (31:36–31:51)
CLAIM
Asserts that the 10% tariff has an imperceptible and one-time impact on inflation.
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