Catherine Rampell

That will hurt everybody else in the supply chain, the retailers and wholesalers who also depend on bringing in those imports and then ultimately selling them to consumers. So it is true that other countries will be hurt, but so will Americans, the consumers and the businesses out there, whether they're selling toys or anything else.

That will hurt everybody else in the supply chain, the retailers and wholesalers who also depend on bringing in those imports and then ultimately selling them to consumers. So it is true that other countries will be hurt, but so will Americans, the consumers and the businesses out there, whether they're selling toys or anything else.

That will hurt everybody else in the supply chain, the retailers and wholesalers who also depend on bringing in those imports and then ultimately selling them to consumers. So it is true that other countries will be hurt, but so will Americans, the consumers and the businesses out there, whether they're selling toys or anything else.

And Kevin Hassett, who is the National Economic Council director.

And Kevin Hassett, who is the National Economic Council director.

And Kevin Hassett, who is the National Economic Council director.

He went on TV this weekend and I was like screaming at the TV because he said, if you say that it's really only Americans who are paying the cost of the tariffs, why is our phone ringing off the hook from all of these other countries? Clearly, they must be paying the cost of the tariff and will be fine if they're the ones trying to make a deal and negotiate. And it's like, no, you idiot.

He went on TV this weekend and I was like screaming at the TV because he said, if you say that it's really only Americans who are paying the cost of the tariffs, why is our phone ringing off the hook from all of these other countries? Clearly, they must be paying the cost of the tariff and will be fine if they're the ones trying to make a deal and negotiate. And it's like, no, you idiot.

He went on TV this weekend and I was like screaming at the TV because he said, if you say that it's really only Americans who are paying the cost of the tariffs, why is our phone ringing off the hook from all of these other countries? Clearly, they must be paying the cost of the tariff and will be fine if they're the ones trying to make a deal and negotiate. And it's like, no, you idiot.

How did you get a PhD in economics and never learn about this thing called deadweight loss? It's like when the price goes up. Yeah, somebody's going to absorb the price, but also the quantity of stuff sold goes down, and that's basically going to hurt everybody. That's going to hurt the sellers, whether it's a foreign manufacturer or whatever, foreign supplier.

How did you get a PhD in economics and never learn about this thing called deadweight loss? It's like when the price goes up. Yeah, somebody's going to absorb the price, but also the quantity of stuff sold goes down, and that's basically going to hurt everybody. That's going to hurt the sellers, whether it's a foreign manufacturer or whatever, foreign supplier.

How did you get a PhD in economics and never learn about this thing called deadweight loss? It's like when the price goes up. Yeah, somebody's going to absorb the price, but also the quantity of stuff sold goes down, and that's basically going to hurt everybody. That's going to hurt the sellers, whether it's a foreign manufacturer or whatever, foreign supplier.

It's going to hurt the retailers, the wholesalers, and it's going to hurt the consumers. So it's just like he knows better. The people who annoy me most in this administration are less the people who are just like... Complete ignoramuses and liars and, like, just don't even bother learning the truth. And more so the people who really know better.

It's going to hurt the retailers, the wholesalers, and it's going to hurt the consumers. So it's just like he knows better. The people who annoy me most in this administration are less the people who are just like... Complete ignoramuses and liars and, like, just don't even bother learning the truth. And more so the people who really know better.

It's going to hurt the retailers, the wholesalers, and it's going to hurt the consumers. So it's just like he knows better. The people who annoy me most in this administration are less the people who are just like... Complete ignoramuses and liars and, like, just don't even bother learning the truth. And more so the people who really know better.

They don't even need a PhD to know the answer to this question. They needed to have taken what you took. You said you took, like, introductory macro or whatever. Like, this is not hard to understand. Besant, Hassett, people like that, I just... They are the worst enablers, I think, because... Trump, I'm sure, surrounds himself with people who tell him what he wants to hear, and that's bad enough.

They don't even need a PhD to know the answer to this question. They needed to have taken what you took. You said you took, like, introductory macro or whatever. Like, this is not hard to understand. Besant, Hassett, people like that, I just... They are the worst enablers, I think, because... Trump, I'm sure, surrounds himself with people who tell him what he wants to hear, and that's bad enough.

They don't even need a PhD to know the answer to this question. They needed to have taken what you took. You said you took, like, introductory macro or whatever. Like, this is not hard to understand. Besant, Hassett, people like that, I just... They are the worst enablers, I think, because... Trump, I'm sure, surrounds himself with people who tell him what he wants to hear, and that's bad enough.

But then some of these people seem like they have some credibility because they're a PhD economist or because they were a Wall Street titan that markets trust. And when they go on TV and lie about the economics here, I think that is so much more destructive than because it encourages Trump to keep on doing the stupid, stupid, stupid thing.

But then some of these people seem like they have some credibility because they're a PhD economist or because they were a Wall Street titan that markets trust. And when they go on TV and lie about the economics here, I think that is so much more destructive than because it encourages Trump to keep on doing the stupid, stupid, stupid thing.