'Completely not true': CNN's Jake Tapper is having none of what Trump's pushing
At the top of CNN's "The Lead," host Jake Tapper smacked down President Donald Trump's new jobs claim.
The host reported that the financial markets have finally returned from the hefty losses they experienced after Trump announced the trade war. On his Truth Social platform, however, Trump wrote that gas prices were down "as billions of dollars pour in from tariffs."
Tapper conceded that mortgage rates have dropped and the jobs report was better than expected. But the post still didn't pass muster for Tapper.
"The gas thing — completely not true," said Tapper. "Gas is not even close to $1.98 a gallon," as Trump claimed.
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He cited data from AAA, which reported the average price today at $3.18 for regular unleaded. Only E-85 is below $3 at $2.61.
"The idea, also, that there's no inflation, I mean," Tapper continued with a shrug. "False. And since Trump brought up the subject of tariffs here's the potential bad news for the U.S. economy that is part of this mixed bag: Americans are about to just start feeling the impacts of the massive 145% tariffs on Chinese goods, economists say."
The ships coming to the United States from this day forward will also carry the hefty tariffs along with the items. While there was a loophole for shipping items under $800, Tapper said that "has now expired."
"So, now, economists say, we should expect higher prices for all kinds of everyday items," said Tapper. It will include low commerce sites like Temu and Amazon Haul.
See his take below or at the link here.
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