{"id":64085,"date":"2024-11-29T14:39:42","date_gmt":"2024-11-29T22:39:42","guid":{"rendered":"https:\/\/www.newscorpse.com\/ncWP\/?p=64085"},"modified":"2025-04-04T12:17:28","modified_gmt":"2025-04-04T19:17:28","slug":"fox-news-anchor-admits-trump-tax-tariffs-will-raise-prices-and-inflation-for-u-s-consumers","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=64085","title":{"rendered":"FOX News Anchor Admits Trump Tax (Tariffs) Will Raise Prices and Inflation for U.S. Consumers"},"content":{"rendered":"<p>The forthcoming occupation of the White House by convicted felon and adjudicated rapist Donald Trump is shaping up to be as disastrous as his harshest critics predicted. The people that he is nominating to staff his Cabinet and other high level positions appear to have been selected based primarily on their unwavering adoration of Trump.<\/p>\n<p style=\"text-align:center\"><strong><a href=\"https:\/\/twitter.com\/intent\/tweet?text=FOX News Anchor Admits Trump Tax (Tariffs) Will Raise Prices and Inflation for U.S. Consumers%0D&#038;url=https:\/\/www.newscorpse.com\/ncWP\/?p=64085\" rel=\"noopener\" target=\"_blank\">Click here to Tweet this article<\/a><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newscorpse.com\/Pix\/Trump\/trump-foxnews-hate-again.jpg\" alt=\"Donald Trump, Fox News, Hate Again\" width=\"550\" height=\"296\" class=\"aligncenter size-full wp-image-40928\" \/><\/p>\n<p>Aside from their blind loyalty, Trump&#8217;s White House supplicants share two other notable qualifications: 1) They have no knowledge or experience for the jobs that they are being tasked to perform, and 2) They have prepared for these positions by being employees or regular contributors at Fox News&#8230;<\/p>\n<p><strong>SEE THIS: <a href=\"https:\/\/www.newscorpse.com\/ncWP\/?p=63709\" target=\"_blank\">Trump is Stacking His Cabinet with Fox News Trump-Fluffers<\/a><\/strong><\/p>\n<p>Despite this uniformity of thought, there have been moments when the Trump-fluffing Fox News shills strayed from their obedient concurrence with anything and everything that Trump does and says. One of those moments occurred Thursday when Fox News anchor Julie Banderas interviewed Gene Marks, the CEO of a business consulting firm, about whether Trump&#8217;s tariffs would raise prices for American consumers. This led to his reply and her surprisingly candid response&#8230;<\/p>\n<blockquote><p><strong>Marks:<\/strong> It could. It just depends on how the businesses decide to absorb those price increases. Maybe they invest in technology or they reduce overhead.<br \/>\n<strong>Banderas:<\/strong> I think if American companies are forced to buy American, it is going to cost more ultimately. And then who\u2019s going to pay for that? We are. I mean, we are going to be buying the merchandise that they are going to have to raise the costs on because they\u2019re not going to be buying from foreign countries. So ultimately, it does come down to the taxpayer dollar.<\/p><\/blockquote>\n<div class=\"embed-twitter\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u201cOh yeah!\u201d Fox News viewers get reality check. Anchor Julie Banderas admits Trump\u2019s tariffs will increase prices for American consumers. (Video: Fox News) <a href=\"https:\/\/t.co\/2hTv3fButK\">pic.twitter.com\/2hTv3fButK<\/a><\/p>\n<p>&mdash; Mike Sington (@MikeSington) <a href=\"https:\/\/twitter.com\/MikeSington\/status\/1862234766872920369?ref_src=twsrc%5Etfw\">November 28, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<p>Exactly! This is a rather simple concept that <strong><a href=\"https:\/\/apnews.com\/article\/trump-tariffs-prices-inflation-mexico-canada-d44aa0715a649998195fc3211e9ab7a3\" target=\"_blank\">scores of economics experts have warned about<\/a><\/strong> ever since Trump&#8217;s threat to impose 25% tariffs on Mexico and Canada, and an additional 10% on China. But somehow, Trump&#8217;s cult followers don&#8217;t appear to be able to comprehend it.<\/p>\n<p>However, now at least one member of Trump&#8217;s Ministry of Propaganda (aka Fox News) has weighed in on the side of the economists. Perhaps she just couldn&#8217;t justify the flagrant lying that was required to keep up the pretense that the cost of tariffs wouldn&#8217;t be passed along to consumers. Or perhaps she didn&#8217;t want to end up out the limb that CNN&#8217;s Scott Jennings recently crawled out on, where he escalated Trump&#8217;s trade war into an actual shooting war&#8230;<\/p>\n<p><strong>MORE HERE: <a href=\"https:\/\/www.newscorpse.com\/ncWP\/?p=64041\" target=\"_blank\">CNN\u2019s Republican Shill Says Tariffs Are Not Enough, Proposes Starting a Drug War with Mexico<\/a><\/strong><\/p>\n<p>The facts, however, are undeniable. A recent <strong><a href=\"https:\/\/www.axios.com\/2024\/11\/20\/trump-tariffs-retailers-raise-prices-products-walmart\" target=\"_blank\">study by the National Retail Federation<\/a><\/strong> found that <em>&#8220;Consumers could lose $46 billion to $78 billion in spending power each year if the new tariffs are implemented.&#8221;<\/em> They would likely exacerbate inflation and could even lead to a recession.<\/p>\n<p>Not that Trump cares about any of that. His own personal wealth, and that of the other wealthy people that he has drawn around him to run his administration, insures that they will not be harmed by the ill effects of his reckless policies. The pain will be felt by the rubes that he persuaded &#8211; with the help of Fox News &#8211; to vote for him. It will be interesting to see if any of those voters hold him accountable for the financial distress they are likely to suffer.<\/p>\n<p><strong>RELATED STORIES:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.newscorpse.com\/ncWP\/?p=64014\" target=\"_blank\">MAKE IT STOP! Crybaby Trump Continues His Infantile Whining Weeks After Winning the Election<\/a><\/li>\n<li><a href=\"https:\/\/www.newscorpse.com\/ncWP\/?p=64005\" target=\"_blank\">Fox News Host Attacks Republican Senators for Supporting the Constitution \u2013 No, REALLY!<\/a><\/li>\n<li><a href=\"https:\/\/www.newscorpse.com\/ncWP\/?p=63580\" target=\"_blank\">Trump Celebrates Bad News for American Workers, Because He Thinks it\u2019s Good News for Him<\/a><\/li>\n<\/ul>\n<blockquote>\n<div>\n<p style=\"text-align:center\"><strong>Be sure to visit and follow News Corpse<br \/>\non <a href=\"https:\/\/twitter.com\/NewsCorpse\" rel=\"noopener\" target=\"_blank\">Twitter<\/a> and <a href=\"https:\/\/www.facebook.com\/NewsCorpse\/\" target=\"_blank\">Facebook<\/a> and <a href=\"https:\/\/www.instagram.com\/newscorpse\/\" target=\"_blank\">Instagram<\/a> and <a href=\"https:\/\/www.threads.net\/@newscorpse\" rel=\"noopener\" target=\"_blank\">Threads<\/a>.<\/strong>\n<\/p>\n<p style=\"text-align:center\"><strong>And check out my books on Amazon:<\/strong>\n<\/p>\n<p style=\"text-align:center\"><strong><a href=\"http:\/\/amzn.to\/2aOYFpM\" target=\"_blank\" title=\"\">Fox Nation vs. Reality:<br \/>\nThe Fox News Cult of Ignorance.<\/a><\/strong>\n<\/p>\n<p style=\"text-align:center\"><strong>Thanks so much for your support.<\/strong><\/p>\n<\/div>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The forthcoming occupation of the White House by convicted felon and adjudicated rapist Donald Trump is shaping up to be as disastrous as his harshest critics predicted. The people that he is nominating to staff his Cabinet and other high level positions appear to have been selected based primarily on their unwavering adoration of Trump. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":40928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[219,1,684,1200,8],"tags":[554,1141,33,407],"class_list":["post-64085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-general","category-media-bias","category-politics","category-propaganda","tag-donald-trump","tag-economy","tag-fox-news","tag-taxes"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-foxnews-hate-again.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-gFD","jetpack-related-posts":[{"id":44077,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=44077","url_meta":{"origin":64085,"position":0},"title":"SO WHAT? &#8216;Wall Street Loves Donald Trump&#8217; Says Trump-Fluffing Fox News Flunky","author":"Mark NC","date":"2\/14\/2020","format":false,"excerpt":"Perhaps the most frequently cited argument Donald Trump leans on to convince people he should be reelected is the performance of the stock market and the economy during his presidency. He is anxious for the America people to examine those factors when deciding who to vote for in November. And\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump, Stock Market Crash","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crash.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crash.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crash.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":39806,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=39806","url_meta":{"origin":64085,"position":1},"title":"WHOA: Former Reagan Budget Chief Tells Fox News that Trump is a &#8216;Madman&#8217; Who is &#8216;Out to Lunch&#8217;","author":"Mark NC","date":"11\/23\/2018","format":false,"excerpt":"It isn't often that Fox News broadcasts anything that is remotely critical of Donald Trump. That would be contrary to the mission of the State TV cable network. And it is even less common that the criticism would come from a devout conservative whose credentials reach back to the hallowed\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump, Fox News","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-foxnews-scared.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-foxnews-scared.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-foxnews-scared.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":60291,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=60291","url_meta":{"origin":64085,"position":2},"title":"Fox News Host Neil Cavuto Interrupts Trump&#8217;s Lying to Note &#8216;He&#8217;s Not Entitled to His Own Facts&#8217;","author":"Mark NC","date":"2\/24\/2024","format":false,"excerpt":"Future psychiatrists and historians are going to have a field day exploring the paranoia, narcissism, and crybaby theatrics of Donald Trump. His deep-seated perceptions of victimhood form the foundation of his persistent hostility and emotionally disturbed detachment from reality. It's a classic case of self-deception that is buttressed by his\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump, Wah","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-wah.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-wah.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-wah.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":42291,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=42291","url_meta":{"origin":64085,"position":3},"title":"Trump is Plunging Into a Desperate Dependence on Fox News that&#8217;s Downright Creepy","author":"Mark NC","date":"7\/25\/2019","format":false,"excerpt":"In the wake of special counsel Robert Mueller's congressional testimony, Donald Trump has rushed to buttress the barricades of his propaganda crusade. 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That&#8217;s the Only Solution Offered By the Trump Cult to Counter His Disastrous Tariffs","author":"Mark NC","date":"4\/3\/2025","format":false,"excerpt":"Now that \"Liberation Day\" - as Donald Trump calls the day he imposed his recessionary Trump Tax\/tariffs - has come and gone, the consequences of his glaring ignorance and greed are being seen in the stock market, where investors are voting with their wallets to get out of the U.S.\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump, Stock Market","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crashing.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crashing.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crashing.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":43435,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=43435","url_meta":{"origin":64085,"position":5},"title":"The Real Horror Show: Trump vs Trump on Democrats and the Economy","author":"Mark NC","date":"12\/6\/2019","format":false,"excerpt":"The Bureau of Labor Statistics released its report for the month of November on Friday morning. 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