UNBIASED Politics November 26, 2024: Trump Proposes More Tariffs on Canada, China, and Mexico; Here's What You Need to Know. Walmart Rolls Back DEI Policies, Biden Admin Spends $267M on Combatting Misinformation, and More.
Nov 26, 2024
Trump's proposal for increased tariffs on imports from Canada, Mexico, and China raises questions about economic impacts and household costs. The podcast also dives into Walmart’s rollback of diversity policies and a significant financial investment by the Biden administration to combat misinformation. Meanwhile, Disney settles a major gender pay gap lawsuit, and rumors swirl around Trump and his ethics agreement. Plus, a heartwarming gratitude segment celebrates listener messages ahead of Thanksgiving.
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Trump's Tariff Proposals
- Trump proposes 25% tariffs on Canada and Mexico, and an additional 10% on China, due to illegal immigration and drug trafficking.
- Tariffs are taxes on imported goods, paid by the importing country, increasing government revenue but raising consumer prices.
Tariff Impact
- Tariffs can boost domestic production as consumers shift to cheaper local goods when import prices rise.
- However, tariffs disproportionately affect lower-income households due to increased costs.