Video: What the press is getting wrong about Trump’s tariffs

By Billy Ball

April 15, 2025

This might be the only report on Trump’s tariffs that isn’t about the stock market. Why? Because, in 2024, the richest 10% of Americans held more than 90% of the stocks.

That means, for most Americans, the biggest impact of Trump’s “put-a-tariff-on-everything” policy, if it ever goes into effect, will be the rising cost of everything, including your groceries. Senior Editor Billy Ball breaks it down.

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Author

Billy Ball

Billy Ball is Cardinal & Pine's senior newsletter editor. He’s covered local, state, and national politics, government, education, criminal justice, the environment, and immigration in North Carolina for almost two decades. His reporting and commentary have earned state, regional, and national awards. He's also the founder of The Living South, a journalism project about the most interesting people in the American South.

Have a story tip? Reach Billy at [email protected]. For local reporting that connects the dots, from policy to people, sign up for Billy’s newsletter.

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CATEGORIES: LOCAL VIDEO

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