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

EXCERPT:

WARREN: “Remember, this started last Friday with Jerome Powell saying that he's very concerned that we're going to see inflation, that is, costs are going to go up across the board for everything that consumers buy. That creates the environment for businesses to be able to say, oh, well, we'll just go ahead and increase our prices now. We will increase our prices more than the cost of the tariffs. And so you get the one-two punch of passing along costs from tariffs, but also price gouging.”