More Trump Tariffs Are Coming
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Hey, I'm Tracy Mumford. There is a lot happening right now. The Headlines podcast from The New York Times will catch you up on the latest in 10 minutes or less. We'll take you inside breaking news and big investigations from The Times newsroom. Plus, bring you the stories that make you go, huh, whoa, I didn't know that. Listen to our show, The Headlines, every weekday morning, wherever you get your podcasts.
From The New York Times, I'm Natalie Kitro-Eff. This is The Daily.
For people right across America, everything has been getting more expensive. From food to fuel, healthcare to heating, everyone's feeling the pain.
Our CBS News poll says that 7 in 10 Americans say they are frustrated or even angry with the administration's approach to the economy.
At a moment when inflation and affordability are on everyone's mind…
The new analysis from the Federal Reserve Bank reveals nearly 90% of President Trump's tariffs in 2025 were paid by consumers and businesses.
And when economists are saying that tariffs are partially to blame for the relentless rise in prices, my colleague Anna Swanson talked to the most influential driver of President Trump's tariff policy, Jameson Greer. Greer told her that despite tanking public opinion, the Trump administration is now planning a new slate of tariffs that it believes will survive any legal challenge.
So according to your own metrics, are tariffs working?
They are, yeah. I think we've been wildly successful.
Today, why Greer thinks that Trump's tariff policy has been a success and why the administration is doubling down.
Whenever you're trying to change policy in a big way and you're upending special interests or corporate interests, people are going to come back and try to fight that. They want the status quo. We don't want the status quo.
It's Monday, July 20th. Ana, you spent hours with Jameson Greer, not a household name, but someone who is very important in crafting U.S. trade policy as the U.S. trade representative. So just say why this guy matters and how much.
Yeah, so he has become very influential. So the fascinating thing about Jameson Greer is he's not your typical Trump appointee. He's not a billionaire. He's not brash. You might remember we had Peter Navarro on this show before as well. Navarro is kind of more of a loose cannon, but Greer, on the other hand, is quite considered. He's more of a quiet, low-key type of guy. But he has a lot of knowledge in the trade law. He has a lot of experience in trade. And he really is the brains behind a lot of the trade agenda at this point.
OK, so after you sat down with him a couple of times, I understand. What was your main takeaway?
So even though he's facing a lot of headwinds, including the fact that public sentiment for Trump is low, you've got these legal challenges against the administration's tariffs. The Supreme Court overturned a big swath of the trade agenda. Right. Greer has not been dissuaded by any of this. In fact, he's proposed a lot of new tariffs to essentially recreate the tariffs that were overturned by the Supreme Court. And he remains very intent on this policy and the benefit he thinks it will bring to the country.
And why? Why are none of those obstacles that I think would normally be considered pretty big dissuading this guy?
Because according to him, the tariffs are working. They're working.
How? Like, help me understand that.
So there are a lot of reasons that he gives, disputing all the arguments that people make about tariffs, all the complaints that people have. But I think to really understand why he thinks tariffs are working, you have to understand how he became such a diehard believer in tariffs in the first place. Hey, how are you?
Good to see you. Want to sit there? Is this a good setup?
So I went to his office with colleagues from The Daily.
Welcome to this building, which used to be part of the War Department.
Right. This is a very historic building, right?
It's the second oldest federal building in Washington after the White House. But there's less gold in here than there is in the White House.
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