Are tariffs making everything more expensive? With Trump’s new tariffTariffs are taxes imposed by one country on goods imported from another country. Tariffs are trade barriers that raise prices, reduce available quantities of goods and services for US businesses and consumers, and create an economic burden on foreign exporters. plans hitting $1.1 trillion in imports—far more than his first term—prices could rise for businesses and consumers alike.
Kyle Hulehan and cohost Erica York break down who really pays for tariffs, why they hurt lower-income Americans most, and whether they worked the first time around.
Links
-
- Trump Tariffs: Tracking the Economic Impact of the Trump Trade War See more
- Trump Floats Replacing Income TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. with Tariffs See more
- How Do Import Tariffs Affect Exports? See more
- Why the Economic Effects of Taxes (Including Tariffs) Matter See more
Apple Podcasts Google Podcasts Spotify
Castbox Stitcher Amazon Music RSS Feed
Stay informed on the tax policies impacting you.
Subscribe to get insights from our trusted experts delivered straight to your inbox.
Subscribe