Galloway blames tariffs for inflation and says consumers bear most costs

What was said

""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.