
Episode 1753 • • 29:33 - 38:24
1753: Local Jamoke
Kevin Hassett and George Stephanopoulos Debate Tariff Economics
National Economic Council Director Kevin Hassett engaged in a contentious interview with George Stephanopoulos regarding the inflationary impact of tariffs. Hassett argued that real incomes declined after China joined the WTO and that suppliers, rather than consumers, often absorb the cost of tariffs when supply is inelastic. The hosts critique Hassett's "apple tree" analogy as a poor communication strategy that allowed the interviewer to badger him.
