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The Tariff (Egg) Shell Game – Michael Warren

To make a protectionist omelet, you’ve got to break a few economic eggs.

If you don’t like that joke, just know it’s about as strained as the Trump administration’s explanations for how its trade actions are supposed to reverse the rise in the cost of eggs. According to the Bureau of Labor Statistics, the average cost of a dozen eggs nearly doubled between January 2024 and January 2025.

“Donald Trump is going to bring the price of eggs down now,” said Commerce Secretary Howard Lutnick on NBC’s Meet the Press Sunday. “Donald Trump’s tariffs are—here’s the idea. All these other countries, like India, for instance, when Modi was in town, right, 1.4 billion people, and they won’t buy a bushel of our corn. Europe—always blocking our farmers. As our farmers can sell more and more overseas, you’re going to see the price of food in America come down. It’s a volume thing.”

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