Velshi The Cost of Another Trump Presidency
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Nov 30, 2024 Matt Bradley, NBC News International correspondent based in Beirut, delves into pressing issues. He discusses the alarming implications of Trump's tariffs for consumers, likening them to a potential global trade war. The conversation shifts to how these policies impact everyday American families. Bradley also highlights the ongoing threat to women's health post-Roe and the critical fight against censorship in libraries, featuring a Louisiana librarian's courageous stand. Join him for a thought-provoking look at the intersections of politics, trade, and social justice.
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Tariffs and Trade Wars
- President-elect Trump plans to impose tariffs on Mexico and Canada, potentially sparking a trade war.
- This could increase consumer costs and negatively impact the economy.
Washing Machine Tariff Example
- The 2018 tariffs on imported washing machines led to price increases, even on dryers which were not subject to the tariffs.
- Domestic companies also raised their prices, harming consumers further.
Soybean Tariff Example
- In 2018, tariffs on Chinese goods resulted in retaliatory tariffs on US soybean exports, negatively impacting American farmers.
- The US government then had to bail out these farmers, ultimately costing taxpayers.
