Fox News' Brit Hume: “There is no doubt that tariffs in the short run, and perhaps very much so in the long as well, raise prices”
Hume: “There is a real challenge there”
Published
Citation
From the February 10, 2025, edition of Fox News' Special Report with Bret Baier
BRIT HUME (GUEST): I'm so glad you asked him that because, you know, you also got into the question of what we're going to be able to do about the looming crises with our entitlement programs and with the size of this debt. And in the end he said, "You know, we can do all these things and we're going to make it up with tariff money," which says to me, at least, that the tariffs are not simply going to be a means to the end of negotiation for some better trade terms here and there but are going to be a main source of revenue for this administration. And if you are imposing tariffs for those reasons, you are going to end up -- there is no doubt that tariffs in the short run, and perhaps very much so in the long as well, raise prices. And this is a president who has committed to bringing them down, so I think there is a real challenge there.