US Trade Chief Defends Tariffs Amid Criticism Over Price Increases
The Trump administration's chief trade official, Jamieson Greer, defended the tariffs imposed by President Trump, asserting that they have not led to increased prices for American families. This statement was made during a Senate hearing where lawmakers, including Democratic Senator Elizabeth Warren, challenged the administration's economic policies amid rising inflation. Greer claimed that core inflation, which excludes food and energy, had fallen to 2.6% year-on-year, a significant improvement from January 2025. However, Warren cited estimates indicating that families are paying an average of $1,700 more due to tariff costs since Trump's return to office. The tariffs, which were previously ruled illegal by the US Supreme Court, are set to expire soon, with the administration planning to introduce new duties on imports.