Trump’s tariffs: A tax on American consumers – CBS News
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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Joanne Obrien is a writer and editor who covers politics, health, business, parenting, and finance for Religious Freedom News.
When she's not writing about the latest political developments or how to make your own laundry detergent, she enjoys reading fiction and spending time with her family.