US Trade Representative Jamieson Greer firmly denied that American families have experienced price increases as a result of President Donald Trump's sweeping tariff policy, during a heated exchange with Senator Elizabeth Warren (D-MA).
Greer defends tariff impact on prices
In a back-and-forth on Capitol Hill, Warren pressed Greer on the financial burden tariffs have placed on households. Greer responded, "No," asserting that prices have not risen for families. He pointed to core inflation data, stating, "Core inflation fell to 2.6 percent year on year, much better than in January 2025." Core inflation excludes volatile food and energy prices.
Warren counters with higher overall inflation and cost estimates
Warren pushed back, noting that overall inflation is actually about 0.5% higher than when Trump took office, despite the improvement in core inflation. She cited an estimate produced by Democrats, based on the Congressional Budget Office and Treasury Department figures, showing families are paying an average of $1,700 more in tariff costs since Trump's return to office. The exchange highlighted ongoing partisan divisions over the economic impact of tariffs.
