“Aluminum is basically electricity in solid form… when you put a 50% tariff on aluminum, you're putting a 50% tariff on electricity.”
Krisha Freeland · The Ezra Klein Show · Why You Can’t Capitulate to Trump
Play from 10:45
10:45
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What was described
explained that a 50% tariff on aluminum is effectively a 50% tariff on electricity
50% tariff
Said nearby on the same subject
“There was a San Francisco Fed paper… most of the goods inflation we’ve seen has come from tariffs… just stop the tariffs and we’ll go back to goods deflation.”
“The minimum pain on yourself is you try to avoid imposing tariffs on the intermediate goods… you try to impose the counter tariffs on things that are easily substitutable… target your retaliation so that it hits politically sensitive constituencies.”