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NC Treasurer Brad Briner |
Republican State Treasurer Brad Briner likened the president’s new tariffs to a corporate tax, and he sees more pain ahead. He said the tariffs will result in some combination of three outcomes for North Carolinians: Companies raising prices at consumers’ expense, companies cutting costs (and presumably payrolls) to protect their margins at the expense of workers, or companies accepting lower profits at the expense of investors.
“We don’t know if these tariffs will stick, or which of the three bad choices companies will make as a result,” Briner told The Assembly in a statement. “I also don’t think humpty dumpty can be put back together again. At the very least, countries and companies will be much more hesitant to trust that U.S. policy will remain constant, which slows decision making and lowers economic activity definitionally.”
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