Summary
Fox News host Julie Banderas warned that President-elect Donald Trump’s proposed tariffs—25% on products from Mexico and Canada and 10% on those from China—could significantly raise costs for Americans, as many businesses rely on foreign goods.
While some companies are shifting to U.S.-based suppliers or stockpiling goods ahead of the tariffs, Banderas noted that buying American often results in higher prices.
She highlighted that the financial burden would likely fall on consumers, questioning, “Who’s going to pay for that? We are.”
Economists have also warned of inflation risks.
Trump is simply proving that he is a Russian asset. He’s taxing American allies more than their rivals.
The 10% on China is in addition to the 25% of Can/Mex, so 35% for China.
I understood it to mean 70%. 60% of what he initially promised plus the 10. 35% doesn’t sound so bad now…. Heh