Trump's tariffs: A tax on American consumers

President-elect Donald Trump has promised to impose across-the-board tariffs on imported goods from some allies and adversaries, claiming that foreign nations will pay such taxes to the U.S. Treasury. But it's American consumers who would actually be opening their wallets to pay for tariffs. Correspondent David Pogue talks with Dartmouth economics professor Doug Irwin about the unintended consequences from such trade barriers.

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[AGuy-xd]

One of the biggest google searches AFTER the election was “what’s a tariff?” We live in a spectacularly stupid country

[emmanuel]

i dont want to hear from anyone how expensive things are next year, you voted or sat it out you get what you signed on for.

[janetucker]

SO sick of him…… and his ignorant cult.

[Arturo-smtb]

And there are still people who think massive tariffs will lower prices....IGNORANCE has no bounds with MAGA.

[bthsr]

We tried to warn them, but they voted for a hateful idiot, and now we're all going to suffer.

[michaelc]

AMERICA YOU REALLY MUCKED UP THIS TIME!! BRACE YOURSELF WE HAVE 4 YEARS OF THIS!! 🇺🇲

[richardszablewski]

This is what happens when you have an uneducated individual, in this case Donald’s Trump who has no idea what they are talking about. When they ask him how tariffs work, he can’t answer that question.

[traciecombs]

My small tea store in Greenville SC will be forced out of business if Trump places higher tariffs on our tea. It's a product that doesn't grow anywhere else, but that did not stop him from including it in the 1st round of tariffs in 2019.

[chuku]

His policy will have a delayed effect to our economy. Save your money folks

[RenzoTx]

Unfortunately most people do not understand or know what a tariff is.

"Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity." - MLK "I love the uneducated!" - DJT

[dougdavis]

The most ignorant man to ever defile the office. His stupidity is only surpassed by those that voted for him.

[MrTimjd]

Thank you MAGA. You just voted for MORE inflation.

[lorettanericcio-bohlman]

Anything that comes out of Tweety lips is bs. No offense to the real Tweety.

[jesusacosta]

Tariff is a tax. It's a regressive tax that hits the lower and middle tax harder than the higher class.

[AmolschCowboy]

With tariffs, prices of all kind will skyrocket.

[pedalingprospector]

He forgot one reason. It's also to create revenue to stuff his pockets with, not to cut taxes.

[shadowpawn]

+77M Voters for trump are in for a rude awaking with these tariffs. Tariffs are basically a tax on consumers.

[bakerkawesa]

Americans voted for higher taxes disguised by a fancy name. Give the people what they want.

[yvonneplant]

Too

But many of us are going to enjoy the FA FO MAGAs will experience.