Council of Economic Advisers Chair Stephen Miran rebutted claims of significantly higher prices on goods spurred by President Donald Trump’s tariffs, telling Newsmax on Thursday there is “zero evidence” of material price increases.
Miran joined “National Report” on the day that Trump’s latest round of tariffs kicked in for dozens of countries. Miran reacted to the doom-and-gloom scenarios spelled out by the mainstream media, which he says are just as off base in 2025 as they were with Trump’s tariffs on China in his first administration.
In 2018 and 2019, “there was zero evidence whatsoever of any macroeconomically significant inflation. We’ve been doing tariffs since the very first day of this administration, since January 20, and again, thus far, there’s zero evidence of any macroeconomically significant inflation whatsoever,” Miran said.
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