CNN This Morning World Bracing for Trump's Tariffs
Apr 2, 2025
President Trump's looming tariffs spark concern over potential price hikes for consumers and businesses alike. The legacy of actor Val Kilmer is celebrated, highlighting his iconic roles and artistic impact. The political landscape shifts with mixed election results in Wisconsin and Florida, revealing the influence of big money in politics. Additionally, unexpected cultural ramifications of tariffs on everyday items are discussed, alongside innovations in baseball technology that promise to change the game.
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Framing Tariffs
- Republicans should discuss tariffs as taxes on American consumers, using historical examples.
- Pennsylvania Congressman Charlie Dent suggests using Hershey's products to illustrate tariff impact on cocoa and aluminum.
Historical Precedent
- The Smoot-Hawley Tariff Act of 1930 negatively impacted global trade.
- Global trade plummeted from $3 trillion to $1 trillion after its enactment, offering a cautionary tale.
Trump's Tariff Vision
- Economists generally agree that tariffs will have adverse economic effects.
- President Trump's insistence on tariffs reflects his long-held beliefs, despite potential pushback.