Richard Wolff on Trump’s tariffs

[AlmaMercer]

The sleeping America population thank you

[sharonbinns]

Thank you for the very important information .

[meredithleighpratt]

Thank you, Mr. Wolf for speaking truth to Americans.

[randybarber]

Well aren't the tariffs there for the American people to pay to cover the tax cut for the rich??!

[Liz-vhxx]

Canadian here. It's baffling that this has to be explained. While you're at it, please explain to Americans, and Trump, that the US does NOT subsidize Canada when it comes to our trade relationship.

[Quantum-Entangled]

Why can't an economist of his credibility be the president?

[homeyleclerk]

Why is the Professor Not Treasury Sec'y? The Only smart pick the Orange nOne would make

[John-zcrz]

Tariffs only benefit the controllers, not the people a tariff is a tax passed on the the public in a form of inflation not a plan that will benefit most people.

[denisefeelings]

Teach sir, teach. Explain how it will be the American citizens who will pay the increases on these tarriffed items.

[journeyseb]

Apparently this concept is impossible to understand for Trump and his supporters.

[ibrahimantondalo]

Tariff derived from the Arabic word, 'التعريف' meaning 'definition'. It means checking, defining and taxing.

[garytodd]

Oh he understands, and keeps the money😅

[gabrieledegrandi]

But with the tariff To buy goods coming from foreign countries become less convenient so you prefer to BUY goods made in America and you save American jobs. Otherwise what is the way to avoid the dumping From countries where the state helps the producers. The tariff will not be put on all the goods but only on the goods That compete with the American production

[DonnaCsuti-jidd]

Thanks for your clear detailed explanation! Wouldn't it be a wonderful world if Mr Trump actually listened to this and was smart enough to understand that truth

[rdengin]

Well, it is a method of local producer protection, isn't it? So, what is the problem?

[KennysTickleanerve]

It's meant to let the domestic companys compete with the sheep imported car's etc

[Fernando-ffoc]

The. Origin. of. the. Word. "Tariff"
comes. from. an. Arab. Town. in
Southern. Spain. named. "TARIFA" .
During. the. 800. years. the. "Moros"
ruled. most. of. Spain. and. Portugal
between. 711. a.d. and. 1492, any
Merchandise. coming. from. North
Africa. into. Spain, had. to. go.
through. the. Town. of. "TARIFA",
where. Custom. Taxes. were. Collected. ! . . . That. is. why. Customs. Taxes. are. sometimes
are. called. "TARIFFS"

[iSightGamers]

the US importer should bring the company back to America which is going to bring the US jobs … there you go problem solved

[helenbruce]

Thank you for explaining the truth on Tariffs. Maybe Trump will understand it too.

[martiemc]

Guess I won’t be buying a car or anything significant for the next four years or so. Hope the car producers are happy about that. It’s not just me…