Trump tariffs don't cause inflation because of 'patriotism' buying: WH advisor - Echo Global News

Monday, July 14, 2025

Trump tariffs don't cause inflation because of 'patriotism' buying: WH advisor



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White House economic advisor Kevin Hassett speculated Monday that new tariff policies are not yet sparking widespread price inflation because President Donald Trump has convinced more people to buy American.

"There's, I think, a lot of patriotism in the data," Hassett said on CNBC's "Squawk Box" when he was asked to explain why Trump's protectionist policies have not stoked higher prices, despite warnings by many economists.

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