On Wednesday’s broadcast of NewsNation’s “The Hill,” Rep. Barry Loudermilk (R-GA) said that tariffs are “one of the sticking points that have also, in some elements, have contributed to this continual rise in cost and the fluctuation in costs and inflation.” And while President Donald Trump is looking to fix the long-term issue of the trade deficit, the “short-term hit” to do so “is probably going longer than most people hoped” it would last.
Loudermilk began by saying that inflation has been around for a while, it will take time to fix, some prices are falling, prices will “stabilize” after the war ends, and there are strong positives in the…
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