On Tuesday’s “Charlie Kirk Show,” Breitbart News economics editor John Carney discussed the recent tariffs implemented by the Trump administration.
Carney said, “I don’t think we’re going to see a big price increase. Look, the Atlanta Fed just did a survey — a study, trying to determine how much prices would go up if tariffs were passed through 100%, or even 50% — I frankly, think, actually, any pass-through is going to be much lower than that — but even then, the pass-through was very low. So, a 10% tariff does not result in a 10% price increase, a 25% tariff does not result in a 25% price increase. It’s more like a 25% tariff, if half of that got passed through, would result in something like a 0.8% price increase.” And that this price increase would be a one-time jump, whereas the inflation during the Biden administration consisted of repeated price increases.
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