Making Money Minute with Ron Hiebert - Tariffs & Inflation

The idea that the US economy is going to experience hyper inflation because of tariffs, completely disregards the numbers. America imports about 3 trillion dollars worth of goods each year - a big number yes. However the size of the US economy totally dwarfs the impact of imports. America ‘s economic output, is ball park 30 trillion a year. This means imports represent about 10 percent of economic activity. Of course, higher tariffs will lead to higher prices and higher inflation - but the impact is not nearly as great as the alarmists predict.

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