One piece of Donald Trump’s economic plan is to impose sweeping tariffs on other countries, particularly China. Tariffs are neither inherently good nor inherently bad. They are a tool which, when used strategically, can remedy trade imbalances, protect certain domestic industries, or influence other countries to improve their trade, wage or human rights practices. But it’s the American companies that pay tariffs. And those companies end up passing that "tax" onto the consumer in the form of higher prices. So the American consumer ends up footing the bill for tariffs.Nov. 17, 2024
UP NEXT
We warned you about Project 2025. Well, it’s here.
12:17
Ben Rhodes: Brazil delivers a lesson in democracy America can’t ignore
07:42
Brazil delivers a lesson in democracy America can’t ignore
08:58
Bearing witness to the harm caused by Trump clawing back billions in foreign aid
08:14
The shadow docket ruling Melissa Murray says brings us ‘dangerously close’ to ‘real tyranny’
10:00
Supreme Court greenlights racial profiling, shreds the Fourth Amendment
