How would tariffs on China impact American business?

Former Undersecretary of State for Economic Growth Bob Hormats unpacks the president-elect's economic policy on 'The Claman Countdown.'

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York - the business capital of the world - FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

[clovertechdev]

When Trump tariffs imposed, my company had to laid off 1/3 US high paying positions. And raised our prices to all our consumer products. That's reality.

[chm]

Elect him first, then ask questions. What a smart way to do things.

[kmonephanthavong]

They want things to be cheaper but they voted for tariffs, my lord help me.

[leonana]

People talking like they're willing to pay more for US-made stuff. When is the last time your employer is willing to give you a raise?

[stanleyho]

Tarrif means tax increase on American consumers to cover tax cut for Trump rich friends..

[sauronthegreat]

America voted for this. Be happy about it.

[TingMo-ni]

Free trade is best for both countries. Tariffs are just a stupid move. Paid by consumers

[gj]

Bob Hormat is by far the most level headed person interviewed by FOX in recent months. Perhaps the most important point he made is that Walmart would be raising prices on pretty much all items as a result of tariffs. Manufacturers and construction companies would see increases in cost of material and would undoubtedly pass these increases onto the consumers. The net effect would be massive inflation.

[babaluBRA]

Brazilian farmers are opening champagne.

[benabraham]

Tariffs are a tax on American consumers

[Hurlburton]

The Chinese will buy there food from Brazil

[richardchamberlain]

This reminds me of those who voted for Brexit following the slogans but ignoring the detail. As with Brexit those voting for Trump are the less educated.

[davidafriend]

Trump's tariff plan is the dumbest idea imaginable. The fact that he hoodwinked SO many people into thinking that the exporting country pays the tariff is just sickening. The people who have been conned are in for a rude awakening if those tariffs are implemented.

[hanshansen]

It is kind of funny, now that the election is over then F0x start to tell the truth on things that would have greatly impacted the election.

[christradgett-affiliates]

The tariffs 'on China' - don't affect China - they're added on US imports - so effectively a tax on US consumers.

[Christine-wpbw]

Trump's new tariff plan might ignite a trade war, prompting me to reevaluate my $400K investment portfolio to minimize potential losses. I’m looking for effective strategies to navigate this uncertainty.

[duc]

Rising tariffs would be disastrous for the US economy

[josecuzco]

Tariffs are just taxes on the American consumer. Basic Econ 101.

[bobd]

all of those moron Trumpers now googling the word "tariff"

[JustPAssingBy]

Finally, Fox News is covering some real news that gets me to watch the whole segment