Former Labor secretary calls Trump’s Canada tariffs ‘irrational’
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- Robert Reich called President Trump's 50% tariffs on Canadian imports "irrational" on Wednesday during an interview on CNBC's "Squawk Box"
- Reich warned that prices would rise across the board as a result of the trade war with Canada
- Housing costs would be particularly affected by the tariff-driven price increases, according to Reich's warning
- Reich delivered the criticism to Andrew Ross Sorkin, co-host of CNBC's "Squawk Box"
Why it matters: Reich's framing centers the tariff debate on American consumer pain rather than geopolitics, warning that the 50% levy on Canadian goods will push domestic prices higher with housing exposed as the sector hit hardest.
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