‘Actually, Yes’: CNN Anchor Steps In When Trump Fan Claims ‘Prices Are Not Up’
CNN anchor Abby Phillip stepped in when Trump supporter Batya Ungar-Sargon argued with fellow panelist Max Boot that “prices are not up” amid President Donald Trump’s worldwide trade war.
Trump is just wrapping up an Asia trip that saw him slash tariffs after a meeting with China’s President Xi Jinping in South Korea.
On Wednesday night’s edition of CNN NewsNight, Phillip discussed the meeting with a panel comprised of Ungar-Sargon, Boot, Ashley Allison, and Ana Navarro.
Ungar-Sargon took exception to criticism of Trump’s trade policies and clapped back when Boot told her Americans got “higher prices.”
Phillip settled the argument:
UNGAR-SARGON: I have to push back on this idea that we got nothing out of the trade war. We’ve got $200 billion, some of that paid for SNAP benefits all through October. So, that money is actually going directly into the pockets of vulnerable Americans. Like to just say, we got nothing out of this —
BOOT: You’re talking about tariff revenues. Is that what you’re talking about?
UNGAR-SARGON: We got tariff revenues.
BOOT: Yes, we got tariff revenues, we also got higher prices. Americans are paying the cost of tariffs.
UNGAR-SARGON: Actually, no, consumer prices are not actually —
PHILLIP: Actually, yes. Hold on. Actually — hold on. Actually, yes. Let me just play what the Fed chair, Jerome Powell, said about this literally today. Listen.
(BEGIN VIDEO CLIP)
JEROME POWELL, FEDERAL RESERVE CHAIRMAN: Higher tariffs are pushing up prices in some categories of goods resulting in higher overall inflation. A reasonable base case is that the effects on inflation will be relatively short-lived, a one-time shift in the price level, but it is also possible that the inflationary effects could instead be more persistent, and that is a risk to be assessed and managed.
(END VIDEO CLIP)
PHILLIP: Tariffs are contributing to inflation and Trump redistributing wealth in this country from people who are paying for goods, which if you’re paying for goods coming from China, they’re usually lower price goods. So, you’re talking about people who are working class or lower on the economic spectrum to other parts of the economic system is just redistribution. That is all that it is.
Watch above via CNN NewsNight.
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