E.J. Antoni

So inflation is most likely even cooler than these prints are suggesting.

The vast majority of the tariffs have not been passed on to consumers.

That's due to a couple of different factors.

One is the fact that the administration is simply refining the tariff strategy.

When they find markets like bananas or coffee, where the costs are likely to be passed on to consumers, the administration has rolled back those tariffs to make sure that consumers in America aren't paying the cost.

But when you have cases where middlemen,

or foreign exporters are going to bear the brunt of that tariff, the administration is leaving those in place, or in some cases, ramping them up.

That has resulted in revenue coming into the Treasury with minimal costs being passed on to consumers.

Vince, good to see you. Beautiful studio, by the way. My first time in here. I love it.

Vince, good to see you. Beautiful studio, by the way. My first time in here. I love it.

Vince, good to see you. Beautiful studio, by the way. My first time in here. I love it.

What about you? What do you think of me?

What about you? What do you think of me?

What about you? What do you think of me?

My pleasure. Thanks for having me.

My pleasure. Thanks for having me.

My pleasure. Thanks for having me.

No, we've actually gotten very, very good inflation numbers, in part because when we look at these tariffs, a lot of them haven't even been implemented. Just the threat of the tariffs alone was enough to bring countries to the table and to kind of get everyone to call a truce. If you do get into some kind of really prolonged, protracted, I should say, trade war,

No, we've actually gotten very, very good inflation numbers, in part because when we look at these tariffs, a lot of them haven't even been implemented. Just the threat of the tariffs alone was enough to bring countries to the table and to kind of get everyone to call a truce. If you do get into some kind of really prolonged, protracted, I should say, trade war,

No, we've actually gotten very, very good inflation numbers, in part because when we look at these tariffs, a lot of them haven't even been implemented. Just the threat of the tariffs alone was enough to bring countries to the table and to kind of get everyone to call a truce. If you do get into some kind of really prolonged, protracted, I should say, trade war,