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.
» Subscribe to MSNBC: https://www.youtube.com/msnbc
» Subscribe to MSNBC on TikTok https://www.tiktok.com/@msnbc
» Subscribe to MSNBC on Instagram https://www.instagram.com/msnbc
Download our new MSNBC app for the latest breaking news and daily headlines at a glance: https://www.msnbc.com/information/download-msnbc-app-n1241692
Follow MSNBC Show Blogs
MaddowBlog: https://www.msnbc.com/maddowblog
ReidOut Blog: https://www.msnbc.com/reidoutblog
MSNBC delivers breaking news, in-depth analysis of politics headlines, as well as commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, The Beat with Ari Melber, Deadline: White House, The ReidOut, All In, Last Word, 11th Hour, and Alex Wagner who brings her breadth of reporting experience to MSNBC primetime. Watch “Alex Wagner Tonight” Tuesday through Friday at 9pm Eastern.
Connect with MSNBC Online
Visit msnbc.com: https://www.msnbc.com/
Subscribe to the MSNBC Daily Newsletter: https://link.msnbc.com/join/5ck/msnbc-daily-signup
#trump #tariffs #china
