Wilbur Ross says consumers won't notice price increases, leaves CNBC hosts speechless

Wilbur Ross left CNBC hosts dumbfounded on Tuesday morning after he argued American families won’t notice the additional tariffs the Trump administration is slapping on Chinese goods because the price increases will be spread across so many products.

Trump announced on Monday that he will impose a 10 percent tariff on $200 billion of Chinese imports starting later this month, which will result in Americans paying more for products like air conditioners and lamps.

“Mr. Secretary, the average American family, making $50,000 a year, let’s say — how much do you expect these tariffs will impact them?” one of the CNBC hosts asked Ross. “Have you done that math so you know what an average family in America will pay once these tariffs go into effect?”

Ross, who was worth $2.9 billion in 2016, argued that the impending price increases aren’t actually a big deal.

https://thinkprogress.org/wilbur-ross-cnbc-trump-tariffs-china-bb9e53bb6b90/

Another clueless rich guy.