Greer Denies Tariffs Added $1,700 to Family Costs as Warren Cites Higher Inflation
Updated
Updated · The Guardian · Jul 22
Greer Denies Tariffs Added $1,700 to Family Costs as Warren Cites Higher Inflation
3 articles · Updated · The Guardian · Jul 22
Summary
At a heated exchange with Senator Elizabeth Warren, US Trade Representative Jamieson Greer said Trump’s tariff policy has not raised prices for American families.
Greer pointed to core inflation of 2.6% year on year, saying it was better than in January 2025 and arguing that tariff-driven price increases are not showing up in household costs.
Warren countered that overall inflation is about 0.5 percentage point higher than when Trump took office and cited a Democratic estimate that families are paying an average $1,700 more because of the tariffs.
The clash underscores the political fight over whether Trump’s sweeping tariffs are being absorbed elsewhere in the economy or passed on directly to US consumers.