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Sen. Tina Smith: Is it your perspective that tariffs are not contributing to inflation? Trump nominee: I do believe that tariffs generally cause prices of some goods to go up relative to other goods Smith: The tariffs implemented raised spending amounts by 3.1%. That would argue that tariffs are... show more

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Fed Chair Powell: We think tariffs are contributing 0.3-0.4% to Core PCE inflation. The tariffs are mostly being paid by the companies that that sit between the exporter and the consumer. All of those companies in the middle, they'll tell you they have every intention of passing that through to the consumer.

Fed Chair Powell: We think tariffs are contributing 0.3-0.4% to Core PCE inflation. The tariffs are mostly being paid by the companies that that sit between the exporter and the consumer. All of those companies in the middle, they'll tell you they have every intention of passing that through to the consumer.

FactPost

599,827 Aufrufe • vor 11 Monaten

Alberta Premier Danielle Smith: The new American tariffs will affect $1.5B of Alberta goods. The new Canadian counter-tariffs will affect $4.8B of our economy. Our businesses will be more harmed by Canadian counter-tariffs than are going to be by the American tariffs.

Alberta Premier Danielle Smith: The new American tariffs will affect $1.5B of Alberta goods. The new Canadian counter-tariffs will affect $4.8B of our economy. Our businesses will be more harmed by Canadian counter-tariffs than are going to be by the American tariffs.

Stephen Taylor

78,163 Aufrufe • vor 7 Stunden

Reporter: It does raise some questions about the logic behind the tariffs in the first place. The fact that Trump is walking back those tariffs really undermines his own argument that it's only foreigners that pay the tariffs and that consumers are not going to be hurt. Now we have a situation where the White House is arguing that removing tariffs will lower prices on groceries. It's kind of hard to make sense of.

Reporter: It does raise some questions about the logic behind the tariffs in the first place. The fact that Trump is walking back those tariffs really undermines his own argument that it's only foreigners that pay the tariffs and that consumers are not going to be hurt. Now we have a situation where the White House is arguing that removing tariffs will lower prices on groceries. It's kind of hard to make sense of.

FactPost

72,167 Aufrufe • vor 9 Monaten

Tariffs 101: Tariffs are not paid by countries. Canada does not pay them to the US. Likewise, the US does not pay them to Canada. The importer from that country imposing the tariffs, pays it. For example, if Trump imposes 50% tariffs on trucks made by GM, but GM made them in Canada. GM is paying $50K in tariffs. Not Canada. And that $50K extra in tariffs, is ultimately paid by the consumer. Ultimately, it's a tax paid by businesses, passed down to the consumer of the country that imposed the tariffs. Likewise, Canada imposing tariffs on the US, only hurts Canadian customers. Countertariffs are done strategically, to prevent the flight of manufacturing, from Canada, to the US. In the end, during trade wars like this, consumers always end up paying the price.

Tariffs 101: Tariffs are not paid by countries. Canada does not pay them to the US. Likewise, the US does not pay them to Canada. The importer from that country imposing the tariffs, pays it. For example, if Trump imposes 50% tariffs on trucks made by GM, but GM made them in Canada. GM is paying $50K in tariffs. Not Canada. And that $50K extra in tariffs, is ultimately paid by the consumer. Ultimately, it's a tax paid by businesses, passed down to the consumer of the country that imposed the tariffs. Likewise, Canada imposing tariffs on the US, only hurts Canadian customers. Countertariffs are done strategically, to prevent the flight of manufacturing, from Canada, to the US. In the end, during trade wars like this, consumers always end up paying the price.

Mario Zelaya

19,891 Aufrufe • vor 2 Tagen

ABOUT TARIFFS... Can I just explain how wrong Donald Trump sounds to those of us in the import business? He’s bullshitting you. Here’s the truth: I work in imports, and Trump’s claims are false. The importer (the company bringing goods into the U.S.) pays the tariffs, and that cost is added to the price of the product. Depending on the profit margin, part of that cost gets passed on to you, the consumer—but it's not a fixed amount. The country where the product comes from doesn’t pay the tariff. Tariffs are added to the price when the goods arrive in the U.S. So, in the end, WE—the American consumers—are the ones paying the tariffs through higher prices at the store.

ABOUT TARIFFS... Can I just explain how wrong Donald Trump sounds to those of us in the import business? He’s bullshitting you. Here’s the truth: I work in imports, and Trump’s claims are false. The importer (the company bringing goods into the U.S.) pays the tariffs, and that cost is added to the price of the product. Depending on the profit margin, part of that cost gets passed on to you, the consumer—but it's not a fixed amount. The country where the product comes from doesn’t pay the tariff. Tariffs are added to the price when the goods arrive in the U.S. So, in the end, WE—the American consumers—are the ones paying the tariffs through higher prices at the store.

Christopher Webb

1,018,043 Aufrufe • vor 1 Jahr

KERNEN: If we're reversing some tariffs to try to help affordability, isn't that acknowledging that tariffs were responsible for some of the higher prices and inflation? HASSETT: This is nothing new

KERNEN: If we're reversing some tariffs to try to help affordability, isn't that acknowledging that tariffs were responsible for some of the higher prices and inflation? HASSETT: This is nothing new

Aaron Rupar

528,071 Aufrufe • vor 9 Monaten

“I believe they’re a threat to the rule of law…Tariffs are making goods less affordable.” Rep. Jimmy Panetta criticized the President Donald J. Trump Trump administration’s tariffs in a Congressional hearing this week, arguing they have increased the price on consumer goods.

“I believe they’re a threat to the rule of law…Tariffs are making goods less affordable.” Rep. Jimmy Panetta criticized the President Donald J. Trump Trump administration’s tariffs in a Congressional hearing this week, arguing they have increased the price on consumer goods.

Just the News

14,433 Aufrufe • vor 9 Monaten

Trump shows his failure to understand how tariffs on imported goods affect prices for consumers and insists that extremely high tariffs would incentivize companies to build factories in the US (they would not). The Bloomberg interview proved Trump is a terrible businessman.

Trump shows his failure to understand how tariffs on imported goods affect prices for consumers and insists that extremely high tariffs would incentivize companies to build factories in the US (they would not). The Bloomberg interview proved Trump is a terrible businessman.

Leia

67,417 Aufrufe • vor 1 Jahr

WALMART JUST ANNOUNCED THAT THEY ARE RAISING PRICES DUE TO TUBERVILLE’S TARIFFS. Tariffs are TAXES that end up on the backs of American consumers. They affect states like Alabama the most.

WALMART JUST ANNOUNCED THAT THEY ARE RAISING PRICES DUE TO TUBERVILLE’S TARIFFS. Tariffs are TAXES that end up on the backs of American consumers. They affect states like Alabama the most.

Kyle Sweetser

13,587 Aufrufe • vor 1 Jahr

NEC Director Kevin Hassett: “Inflation was down, way down, in the CPI report today and it was the month of April where we had about $20B in tariffs. And the story that everybody’s been saying is those tariffs are going to cause prices to go way up.”

NEC Director Kevin Hassett: “Inflation was down, way down, in the CPI report today and it was the month of April where we had about $20B in tariffs. And the story that everybody’s been saying is those tariffs are going to cause prices to go way up.”

Rapid Response 47

244,031 Aufrufe • vor 1 Jahr

Tariffs are taxes, and that means that it's Congress's job to decide whether they are appropriate. When the Supreme Court struck down Donald Trump's unconstitutional tariffs yesterday, it showed yet again that Republicans in Congress are too scared of Donald Trump to do their job and stand up for you--and say no to the tariffs that have been driving up costs for hardworking Americans. If you send me to Congress, I will stand up to Donald Trump and I will stand up for you. Join me at

Tariffs are taxes, and that means that it's Congress's job to decide whether they are appropriate. When the Supreme Court struck down Donald Trump's unconstitutional tariffs yesterday, it showed yet again that Republicans in Congress are too scared of Donald Trump to do their job and stand up for you--and say no to the tariffs that have been driving up costs for hardworking Americans. If you send me to Congress, I will stand up to Donald Trump and I will stand up for you. Join me at

J.P. Cooney

10,822 Aufrufe • vor 6 Monaten

The Trump administration wanted to do something about affordability, so it cut a few highly visible tariffs. What does that suggest they believe the rest of their tariffs — which remain in place — are doing to affordability?

The Trump administration wanted to do something about affordability, so it cut a few highly visible tariffs. What does that suggest they believe the rest of their tariffs — which remain in place — are doing to affordability?

Justin Wolfers

27,252 Aufrufe • vor 9 Monaten