The NPR Politics Podcast Checking The Receipts On Trump's Tariff Proposal
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Nov 26, 2024 President-elect Trump’s bold tariff proposals on imports from Canada, Mexico, and China spark heated discussions about economic consequences and political implications. The complexities of tariff authority are unraveled, showcasing the balance of power between Congress and the President. Experts discuss how these tariffs may impact U.S. businesses and international relations, particularly with Mexico and China. The episode reveals bipartisan concerns over economic uncertainty and the contentious relationship of trade policies with broader border issues.
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Tariff Impact
- Tariffs are taxes on imported goods, often impacting US businesses and consumers more than the exporting country.
- This can be seen as a tax on consumers, like a 25% tax on guacamole from Mexico.
Trump's Tariff Tactics
- Trump frequently uses tariffs as leverage in negotiations.
- He claims he used tariffs to get Mexico to agree to the 'Remain in Mexico' policy.
Republican Shift on Tariffs
- Trump's tariff policies represent a shift in the Republican Party's stance on trade.
- Traditionally opposed to tariffs, the party now has a leader who strongly advocates for them.