Money
Galloway blames tariffs for inflation and says consumers bear most costs
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Scott Galloway | Club Random with Bill Maher
""I think he has this feeling that he's negotiating against himself and that if he puts on a tariff, they'll absorb all of the costs. 90% of costs have been absorbed by consumers. And if you look at 4% inflation, which doesn't sound like a lot, that means if you have a baby now in 18 years, everything is going to be double the price.""
Scott Galloway argues Donald Trump’s long-running fixation on tariffs has been economically damaging and says “90%” of tariff costs are passed to consumers. He links tariffs to inflation and says sustained 4% inflation would double prices over roughly 18 years.
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