Fareed on Trump’s tariff proposals: This celebrity businessman does not understand business

Despite former President Donald Trump’s history as a rich businessman, CNN’s Fareed Zakaria explains how his tariff proposals could damage America’s economy and pose a greater risk to the economy than Democrat’s “anti-business” proposals. #CNN #News

[gautruc]

We've got the full picture now: a businessman who went bankrupt six times got lucky and was picked by NBC for 'The Apprentice, ' which made him look like a successful CEO.

It’s pretty clear that any business school student should know the tariff war ended up doubling costs for customers.

[skaughtmc]

I feel like nobody is dumbing it down for the masses well enough.

If a pair of Nikes currently cost $100, and a 50% tariff is applied, that pair of shoes would cost $150. Nike isn’t going to eat into their profits to keep prices down. It gets passed on to the consumer. Meanwhile, the US made shoe that only charged $75 to remain competitive with the Nike pair, can bump their price up to $100 while still looking like the far more affordable option. You’re now paying more regardless of which shoe you choose because the tariff has caused all prices to rise.

[kiljoy]

If only Fox "News" explained this to it's poorly informed and very angry viewers.

[martin]

As a former customs broker, Trump's ignorance and complete misunderstanding about how tariffs work has always driven me up the wall.

[MH.]

This needs to be shown on every Local News outlets so the American people can actually understand how inflation works. But the more you keep your people ignorant the more power you have over them.

[markr]

Does America think they are the only ones who can impose tariffs?

[Johnnyred]

Right on point Fareed! How can someone who filed bankruptcy multiple times for billions of dollars know how to fix the economy?

[Oneil-TV]

I’ve seen Tariffs at work in Jamaica 🇯🇲 first hand. They don’t work. The people always eat the cost 🤨

[aussiegrandpa]

Fox should be forced to show these facts.

[sergbustam]

Fareed is 100% right, the problem is 90% of the people voting for trump do not have a clue what Fareed is talking about !

[alphabrainwave]

High universal tariffs always harm the economy. The Smoot-Hawley tariffs plunged us further into the Great Depression. The McKinley tariffs led to a long recession. There is no mystery here. Trump's proposed tariffs would be a disaster.

[brianmartin]

He's a failed business person.
Several times over. Failure.

[RorkesDriftVC]

The producer of the Apprentice regrets making Trump appear to be successful.

[mick]

That's a great analysis! These tariffs will drive up prices and inflation like crazy as nearly every economists agree and will be hurting U.S. economy badly! It's insane that people think Republicans would be good for the economy. The last several Republican presidencies always ended in a recession!

[angellovesjazz]

How is Trump going to stop domestic companies from raising prices.

[Anders-hof]

Have you seen Trump's medical records, tax records, what about his education papers? Why are they not released 💙🌊🇺🇸

[RaFox_]

Sounds what you would execpt from a fascist party.

[nomadicexpats]

I wish Trump followers could understand that

[MainooMadness]

At this point with all the facts out there, if the US public vote for Trump they will deserve everything they will have coming. For a country obsessed with their constitution, i wonder how many have actually read it

[kennyn]

Trump's foreign policies are invariably based on not understanding that the opposing boxer is allowed to punch back.