The U.S. Senate Committee on Banking, Housing and Urban Affairs’ Ranking Member, Senator Elizabeth Warren, issued a statement on the November 2025 Consumer Price Index arguing that inflation remains higher than when President Trump began his trade war in April and linking current cost pressures to tariffs. She pointed to higher household spending on utilities and groceries and cited a rise in unemployment to its highest rate in more than four years, stating that the administration’s tariff policy and broader economic agenda are impeding promised cost reductions.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-12-18
U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member Warren blames Trump tariffs for elevated inflation in November 2025 CPI
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, stated that the November 2025 Consumer Price Index indicates inflation remains elevated compared to pre-trade war levels, attributing increased household spending and rising unemployment to the administration's tariff policy and economic agenda.