The Consumer Will Pay For These Tariffs
The Consumer Will Pay For These Tariffs. Tariffs are like a national sales tax. Corporations have been reporting earnings, and they’re not good. They will pass along their price increases.
Doctor. Matt Will joins us. Economist at the University of Indianapolis. Senator Schumer is talking about the trade deal with the EU. It’s fake. It’s not real. Well, it’s clearly real. The question is how much of this stuff would have come anyway? Deals on energy and deals on buying military hardware, wasn’t this going to be purchased? No matter what, but maybe the story here is that it got announced as a deal, which certainly has put the European Union on its heels, saying, my gosh, how could we have let this happen with a tariff of 15% on our goods and no tariff on the vast majority of American goods? But in the in the end, the question before us is what do we get out of it and how do we know that it’s happening? So, let’s start Doctor Matt Will economist at the University of Indianapolis. You hear about this story from the about this trade deal with the EU like we’ve heard about other trade deals as well with the UK or Japan, etcetera. What say you?
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