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Reason
Reason
Eric Boehm

Trump Admits Tariffs Could Create Shortages, Hike Prices

When President Donald Trump ordered the implementation of his so-called "Liberation Day" tariffs on April 2, he proclaimed that it was "now our turn to prosper."

Exactly four weeks later, Trump delivered a very different message to the American people: You'll get less and you'll pay more.

"Somebody said, 'Oh the shelves are going to be open.' Well, maybe the children will have two dolls instead of 30 dolls," Trump said Wednesday during a cabinet meeting open to the press. "And maybe the two dolls will cost a couple bucks more than they would normally."

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