Sen. Warren: Companies Will Use Tariffs as an Excuse for ‘Price Gouging’

RUSH TRANSCRIPT Your point ░░░░░░░░ the chaos is well ░░░░░░░░ We see that in ░░░░░░░░ futures every morning with ░░░░░░░░ we ve been watching ░░░░░░░░ the markets But our ░░░░░░░░ and tariffs reporter points ░░░░░░░░ this morning that there ░░░░░░░░ an on the water ░░░░░░░░ that comes with this ░░░░░░░░ the customs release that ░░░░░░░░ says this tariff isn ░░░░░░░░ enacted until 12 01 ░░░░░░░░ M On items that ░░░░░░░░ then leaving the ports ░░░░░░░░ those countries so anything ░░░░░░░░ on the water is ░░░░░░░░ going to come in ░░░░░░░░ a tariff Those items ░░░░░░░░ be coming into the ░░░░░░░░ of to the end ░░░░░░░░ may without having a ░░░░░░░░ on them you said ░░░░░░░░ ve been hearing from ░░░░░░░░ that are already raising ░░░░░░░░ on this are they ░░░░░░░░ by raising prices before ░░░░░░░░ own prices go up ░░░░░░░░ if they simply are ░░░░░░░░ along increased costs that ░░░░░░░░ much is a tax ░░░░░░░░ the American people when ░░░░░░░░ do that but there ░░░░░░░░ businesses that are already ░░░░░░░░ quite publicly yep they ░░░░░░░░ worried and so they ░░░░░░░░ raising prices now And ░░░░░░░░ is actually one of ░░░░░░░░ most serious concerns about ░░░░░░░░ tariffs Once everyone starts ░░░░░░░░ about price increases and ░░░░░░░░ this started last Friday ░░░░░░░░ Jerome Powell saying that ░░░░░░░░ s very concerned that ░░░░░░░░ re going to see ░░░░░░░░ that is costs are ░░░░░░░░ to go up across ░░░░░░░░ board for everything that ░░░░░░░░ buy That creates the ░░░░░░░░ for businesses to be ░░░░░░░░ to say oh well ░░░░░░░░ ll just go ahead ░░░░░░░░ increase our prices now ░░░░░░░░ will increase our prices ░░░░░░░░ than the cost of ░░░░░░░░ tariffs and so you ░░░░░░░░ the one two punch ░░░░░░░░ passing along costs from ░░░░░░░░ but also price gouging.