Jeanne Whalen
speaker
62 appearances
3 recordings
1 series
first heard Aug 2025
last heard 4 Aug
Jeanne Whalen’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.
Appearances
Sure thing.
Thank you.
Thank you, guys.
What we've seen is inflation has ticked up a little bit because of the tariffs, but it hasn't taken off uncontrollably, as some feared.
Store shelves are not empty, as some also predicted they would be.
And then also, we haven't seen a rush of reshoring yet, which is one thing Trump promised.
We haven't seen an enormous drop in our trade deficit.
We did see a drop in June, but that was maybe more for a technical reason rather than a sign of a long-term downward trend in the trade deficit.
One of the main things that we have seen happen is that the government is collecting a lot more money in tariff revenue, and that is something Trump said would happen.
It won't, though, be enough to replace income taxes in the way that Trump has suggested that it might.
Absolutely.
Yeah, that is probably the main reason.
What we've seen so far is that inflation in June rose 2.7 percent from a year earlier, and that was faster than the rate in May.
But what we have seen is U.S.
companies that import goods and have to pay the tariffs are largely absorbing those costs for now and not passing them along anymore.
yet to customers.
That's partly because they stocked up a lot before tariffs got here, so they didn't really need to raise prices right away, and partly because they just don't want to raise prices until they absolutely have to.
Most economists believe eventually U.S.
companies will be forced to pass more of the tariff costs along to consumers.
It's really just a matter of time before they do that in one way or another.
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