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🗓️ 27 November 2024
⏱️ 42 minutes
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0:00.0 | So Fox News is not exactly known for asking tough questions of Donald Trump, but when it comes to Trump and his proposed tariffs, well, Maria Bartaromo actually kind of went for it. |
0:13.6 | What about the criticism in the journal has done this as well, that if you do put something like a 200% tariff on a product, that it's only going to mean |
0:22.1 | higher prices for consumers. No, no, it doesn't mean that. It's got to be passed on somehow. |
0:27.0 | No, it doesn't mean, doesn't mean what? For years now, Trump has been campaigning on the promise |
0:32.1 | that he would enact massive tariffs as part of his America first economic agenda. But he has also been trying to get away with pretending that those tariffs would somehow |
0:41.6 | not cost American consumers anything. |
0:46.8 | A tariff is a tax on a foreign country. |
0:50.5 | That's the way it is whether you like it. |
0:52.0 | And a lot of people like to say, oh, it's a tax or it's a tax. |
0:53.9 | No, no, no. It's a tax on a foreign country. That's the way it is whether you like it. And a lot of people like to say, oh, it's a tax or it's a tax on a foreign country. We're going to be a tariff nation. It's not going to be a |
1:01.2 | cost to you. It's going to be a course to you. It's going to be a course to another country. |
1:04.7 | That line might have worked on the campaign trail, but it is now time for Trump to put his money, or more accurately, America's money, |
1:12.4 | where his mouth is. Yesterday, Trump got specific about those promised tariffs. He threatened that |
1:18.5 | on day one of his second term, he would enact a 25% tariff on all goods from Canada and Mexico |
1:26.1 | and add an additional 10% tariff on all goods from China. |
1:31.3 | Now, you might remember that tariffs were a central part of Trump's first term. He loved tariffs |
1:36.1 | and trade wars, as he called them, but they did not go well for him. Back then, Trump put tariffs |
1:42.4 | specifically on all imported washing machines. And just as he is doing |
1:48.7 | today, Trump promised that those tariffs on those washing machines would not be paid for by |
1:53.0 | American consumers. But guess what? They were. Despite the fact that the price of washing machines |
2:00.6 | had been declining for years at that |
2:02.7 | point, the year Trump's tariff took effect, the price of washing machines in the U.S. surged, |
... |
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