# White House vows to press ahead with tariffs despite midterm backlash over rising prices

- URL: https://talkfuse.com/story/white-house-vows-to-press-ahead-with-tariffs-despite-midterm-backlash-over-rising-prices/
- Published: 2026-11-10T21:45:46+00:00
- Updated: 2026-11-11T07:35:23+00:00
- Original publisher: CNBC (publisher lean: Centre)
- Original article: https://www.cnbc.com/2026/11/10/trump-tariffs-midterms-gary-cohn-inflation.html
- Topics: Business, Elections, Geopolitics, Politics

## Key points

- White House plans to press ahead with tariffs.
- Cohn says consumers bear much of their cost.
- Polls show strong concern about living costs.

## Summary

The White House says it will continue expanding tariffs, arguing they will strengthen US manufacturing, supply chains and national security. The stance comes after Republicans lost ground in midterm elections in which voters focused heavily on rising living costs, sharpening the debate over whether tariffs help the economy or add to household costs.

Former Trump economic adviser Gary Cohn called tariffs a tax on US consumers, while polls showed broad concern about prices and majority support for repealing the duties. October consumer prices rose 0.4%, and September annual inflation was 3.7%, above the Federal Reserve’s 2% target; tariffs are one of several pressures, alongside energy, housing and healthcare costs. A New York Fed study estimated that around 26% of tariff increases reach consumer prices, sometimes after nine to 12 months, while businesses are adapting by regionalising supply chains.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.