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How Trump's tariffs could help (or hurt) the US economy

December 06, 2024
Ian Bremmer
- YouTube

youtu.be

For almost as long as Donald Trump has been in the public eye, his economic worldview has been remarkably consistent: unfair trade deals and globalization have pumped millions into foreign economies while hurting US workers and businesses. That message resonated with voters who feel left behind by the global economy. Trump’s solution? Also very consistent: tariffs. Big ones. On Ian Explains, Ian Bremmer breaks down Donald Trump’s tariff plan and what it could mean for US consumers. On the campaign trail, Trump called for a minimum 10% tariff on all imports and at least 60% on goods from China. Recently, he threatened additional tariffs on Canada, Mexico, and China over immigration and drugs. Trump says tariffs will protect US jobs and boost manufacturing, but economists warn they’ll spark a global trade war and send prices soaring. Will voters endure short-term pain for long-term gain?

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