CNBC’s Rick Santelli Pours Cold Water On Narrative That Trump Tariffs Would Spike Inflation

CNBC editor -in -chief Rick Santelli said on Tuesday that the prices imposed by President Donald Trump apparently did not accept inflation after the publication of consumer prices.

The consumer price index (IPC) increased by 2.7% in annual slip in June, said the Bureau of Labor Statistics, almost in line with expectations. Santelli, on “Squawk box,” said when food and energy were removed, inflation was actually slightly lower than expectations. (Related: Charles Payne, guest warns economic “tailpin” “only gets worse” for China)

“Inflation will reflect and flow. If we really want to isolate it in terms of what this administration is doing or on the day of the Liberation, I would delight it at the beginning of the year, January and February, “said Santelli. “Being a heater gives you a lot of information that certain policies have not had to stimulate inflation. Now they are a bit in place, but some could also be associated with better economic data. You know, the death of the labor market has been considerably exaggerated according to recent data and I think that overall, inflation figures, they are quite respectable here. ”

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Trump announced reciprocal prices to combat import rights and “horrible imbalances” in trade with other countries during a pink Garden event on April 2, then announcing a 90 -day break via an article on April 9 on Truth Social. The Trump administration concluded a trade agreement with China on June 26, which included a 55% rate on Chinese products while reducing Chinese prices on American products to 10%.

Several media predicted that Trump’s prices would increase inflation, ABC predicting that they “increase the world trade war” on March 26, while the Guardian said on April 22 that Trump’s action “means increasing prices.” (Linked: “ It’s just ”: the host of CNBC who launched Tea Party rents another good job number for Trump)

In February, Newsnation host Chris Cuomo said that prices stimulating the economy “never arrive”, adding that prices would increase inflation. A CNBC column in May also predicted that prices could lead to a price increase despite good figures for April.

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