"CNN anchor Abby Phillip stepped in when Trump supporter Batya Ungar-Sargon argued with fellow panelist Max Boot that prices are not up amid President Donald Trump's worldwide trade war. Trump is just wrapping up an Asia trip that saw him slash tariffs after a meeting with China's President Xi Jinping in South Korea. On Wednesday night's edition of CNN NewsNight, Phillip discussed the meeting with a panel comprised of Ungar-Sargon, Boot, Ashley Allison, and Ana Navarro."
"We've got $200 billion, some of that paid for SNAP benefits all through October. So, that money is actually going directly into the pockets of vulnerable Americans. Like to just say, we got nothing out of this BOOT: You're talking about tariff revenues. Is that what you're talking about? UNGAR-SARGON: We got tariff revenues. BOOT: Yes, we got tariff revenues, we also got higher prices. Americans are paying the cost of tariffs."
"JEROME POWELL, FEDERAL RESERVE CHAIRMAN: Higher tariffs are pushing up prices in some categories of goods resulting in higher overall inflation. A reasonable base case is that the effects on inflation will be relatively short-lived, a one-time shift in the price level, but it is also possible that the inflationary effects could instead be more persistent, and that is a risk to be assessed and managed."
Abby Phillip intervened on CNN NewsNight during a heated panel exchange about the effects of tariffs. Batya Ungar-Sargon emphasized $200 billion in tariff revenues and cited some funds paying SNAP benefits, arguing vulnerable Americans received direct assistance. Max Boot countered that tariff revenues came with higher consumer prices and that Americans bear the cost of tariffs. Phillip cited Federal Reserve Chair Jerome Powell, who warned that higher tariffs are pushing up prices in some categories and could pose persistent inflationary risks. The exchange framed tariffs as redistributing costs from consumers to government receipts.
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