White House: Odds of tariff-related inflation are low, like 'pandemics or meteors' - Echo Global News

Wednesday, July 9, 2025

White House: Odds of tariff-related inflation are low, like 'pandemics or meteors'



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A top White House economic advisor on Tuesday likened the odds that President Donald Trump's tariffs will lead to higher prices to those of a meteorite striking Earth.

"Rare events happen. We get pandemics or, or meteors or whatever," said Stephen Miran, chairman of Trump's Council of Economic Advisers, on CNBC's "Squawk Box."

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