Ana Swanson

you know, a lot of very prominent economists, New York Fed, but other academic economists as well.

you know, a lot of very prominent economists, New York Fed, but other academic economists as well.

And you feel that the American people are on your side with that assessment that economists don't know what they're talking about?

And you feel that the American people are on your side with that assessment that economists don't know what they're talking about?

Setting economists and think tanks aside, I mean, even sort of common sense, right? So tariffs work by raising the price of foreign goods. And when the price of foreign goods go up, you know, that is what encourages people to buy domestic goods. I mean, isn't that the way that tariffs work?

Setting economists and think tanks aside, I mean, even sort of common sense, right? So tariffs work by raising the price of foreign goods. And when the price of foreign goods go up, you know, that is what encourages people to buy domestic goods. I mean, isn't that the way that tariffs work?

I asked him this question a couple of times. Aren't tariffs supposed to increase prices? Because that's how tariffs work. They make the foreign good more expensive so people buy American goods instead. But Navarro didn't really give me a direct answer.

I asked him this question a couple of times. Aren't tariffs supposed to increase prices? Because that's how tariffs work. They make the foreign good more expensive so people buy American goods instead. But Navarro didn't really give me a direct answer.

What would they do?

What would they do?

So your assumption is that they would lower their prices?

So your assumption is that they would lower their prices?

Instead, he talked about how Chinese companies would absorb some of the cost of the tariffs to keep prices low. Your goal is to help U.S. factories. But a lot of U.S. factories do buy components and parts from abroad. And, you know, I've talked to a lot of manufacturers who say that would raise their costs. It would make them harder, you know, harder for them to make things.

Instead, he talked about how Chinese companies would absorb some of the cost of the tariffs to keep prices low. Your goal is to help U.S. factories. But a lot of U.S. factories do buy components and parts from abroad. And, you know, I've talked to a lot of manufacturers who say that would raise their costs. It would make them harder, you know, harder for them to make things.

Does that kind of backfire on your agenda?

Does that kind of backfire on your agenda?

I also asked him about U.S. manufacturers who are buying parts from abroad and whether tariffs would hurt their business. And he didn't seem all that concerned with what I've been hearing from some American manufacturers. He just kept coming back to the idea that ultimately tariffs will incentivize both American and foreign companies to build factories in the U.S.,

I also asked him about U.S. manufacturers who are buying parts from abroad and whether tariffs would hurt their business. And he didn't seem all that concerned with what I've been hearing from some American manufacturers. He just kept coming back to the idea that ultimately tariffs will incentivize both American and foreign companies to build factories in the U.S.,

Which he believes will then lead to higher wages for Americans.

Which he believes will then lead to higher wages for Americans.