The Majority Report with Sam Seder

3565 - Trumpflation Squeezes Parents; Populist Dem Runs in Maine w/ Elizabeth Pancotti & Graham Platner

Aug 21, 2025
Elizabeth Pancotti, former economic advisor to Bernie Sanders, discusses how the Trump administration's tariffs are inflating back-to-school supply prices, placing a heavy burden on families. Graham Platner, a Democratic candidate for U.S. Senate in Maine, shares insights about his campaign strategy and the need for grassroots movements to uplift working-class voices. The conversation also critiques the media's portrayal of immigrants and explores the resulting economic anxieties that parents face during the holiday season.
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INSIGHT

Tariffs Are Driving Up School Costs

  • Trump's tariffs raised average back-to-school supply costs by 7.3%, far above headline inflation.
  • Elizabeth Pancotti says these hikes hit non-optional family expenses and will worsen over the school year.
INSIGHT

Tariffs Ripple Through Many Product Lines

  • Tariffs raise costs across categories beyond China-made items, hitting electronics, clothing, and shoes.
  • Pancotti warns major retailers are passing tariff-driven costs to consumers, squeezing families.
ADVICE

Use Strategic Tariffs With Industrial Policy

  • Build domestic supply requires coordinated industrial policy plus targeted tariffs as temporary incubation.
  • Pair buy-in incentives with manufacturing support to make U.S. production price-competitive.
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