• President Trump's tariffs will cause economic pain in the short term

  • Apr 3 2025
  • Duración: 27 m
  • Podcast

President Trump's tariffs will cause economic pain in the short term

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  • Resumen

  • Trump has repeatedly called April 2 “Liberation Day,” with promises to roll out a set of tariffs, or taxes on imports from other countries, that he says will free the U.S. from a reliance on foreign goods. To do this, Trump has said he’ll impose “reciprocal” tariffs to match the duties that other countries charge on U.S. products. Mark Hamrick, Washington Bureau Chief and Senior Economic Analyst for Bankrate.com, joins Newell to talk about the implications of President Trump's tariffs taking effect.
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