Republicans Overseas Chair: Tariffs don’t cause inflation

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00:00Are tariffs inflationary? I'm not sure, because the data doesn't really prove that. They weren't

00:05inflationary in the first term. MIT is saying that only 20% of the tariff gets passed through

00:12the consumer. And I do think that if they were so inflationary, why does the EU use them? Why

00:18does the UK, why does China, why does Vietnam? There's not any rampant inflation from those

00:25tariffs. The inflation came from reckless spending, and again, hostility to the supply side,

00:30and when Biden tried his best to punish the energy sector.