Jeff Snider

but they're trying to figure out something going on here with affordability time your thoughts on the story well first of all uh... we were correct we talked about this and we said that the tariffs and we said at the beginning of the year they would be tactics not taxes and guess what

All the economists come out so surprised.

Oh, wow.

Well, you know, it really hasn't gone up.

It hasn't been as inflationary as we thought.

Even the Fed, Jerome Powell, you know, the short timer who's about to lose his job, has said that.

And what's happening this week is the president is talking more about affordability to kind of take the messaging back from the Democrats who keep saying, oh, it's inflationary, inflationary.

If you look at one of the things that was happening this week, it was a bunch of pre-made construction stuff.

These are things that, you know, average Americans buy every week, not vanities, kitchen cabinets, you know, higher end furniture.

Come on.

Those aren't the things that people are buying every week.

And that's not what tariffs are going to cause inflationary.

As a matter of fact, he moved on some agricultural projects.

tariffs that were in Italy, and it took the tariffs down to 1.2% on certain Italian pastas.

So the pastas that are coming in, it was less than one-seventh of our sales tax.

So what's happening right now, point one.

The president hears these messages Democrats are trying to push on affordability, so now he's fighting back saying, hey, it wasn't inflationary in the first place, and I'll tell you what, let me suspend this tariff over here, this tariff here that was on kitchen vanities, cabinets, and things that you would use for remodels, and Americans aren't really doing that right now, right?

There's not a lot of remodeling going on.

You see the quarterly reports from Home Depot and Lowe's, but energy is down, heating oil is down for the winter, and also...

He just did like what he did on the imported Italian pasta, make it like a one percent tariff coming over there.