Whose Tariffs Are Worse For The American Consumer?

President Joe Biden and former President Donald Trump share common ground on tariff policy. While some policymakers argue that tariffs can be a tool to protect and help grow domestic industries and ensure national security, tariffs may also result in unintended economic consequences that cost U.S. consumers billions. Trump's trade war tariffs generated about $233 billion in duties collected by U.S. Customs through March 2024, according to an analysis from the Tax Foundation. Watch the video above to find out which candidate's tariffs will be more expensive for the American consumer.
Chapters:
0:00 Introduction
01:25 Chapter 1: Tariffs vs. inflation
03:43 Chapter 2: Common ground
09:13 Chapter 3: Global trade
Produced and Edited by: Andrea Miller
Animation: Christina Locopo
Additional Camera: Carlos Waters
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images
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Whose Tariffs Are Worse For The American Consumer?

[@snacking5908]

335 million people and these are the two we have to choose from.

[@TheDunningKrugerEffectisReal]

Who do you propose then? Please, I would love to see your candidates.

[@alkalinetrio759]

@@TheDunningKrugerEffectisReal Chuck Norris

[@Hasanaljadid]

Tarrifs should be only from chinese imports and nothing else

[@wealthymindset6021]

There were another choice. But he was to dark skinned for white America and to light skinned for black America. Vivek.

[@jdotsolo]

Hmmm? A competent and honest administration, or a convicted failed former power hungry felon. Super difficult! 🫤

[@sandalSanders-vt8ii]

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[@mariage-pf6rr]

Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God

[@kokoy-mz2uu]

Thanks to my co-worker (Carson ) who suggested Ms Christy Fiore

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She's a licensed broker here in the states🇺🇸 and finance advisor.

[@massey-bx3ht]

After I raised up to 525k trading with her I bought a new House and a car here in the states🇺🇸🇺🇸 also paid for my son's surgery….Glory to God, shalom.

[@KlenkeCarrig]

Can I also do it??? My life is facing lots of challenges lately

[@LLWCorp]

The tariffs dont switch manufacturing back to the USA, they just shift it from China to Vietnam, Cambodia, Thailand, Malaysia, India, etc... I own a manufacturing co and our goods CANNOT be made in the USA or no one could afford them and NO ONE would buy them. They are solid brass lighting. We tried manufacturing in the USA but our prices would have tripled and no one would be able to afford them.

[@pooga5248]

FACTS

[@cajethanozor2322]

Wrong, small industry can trive in America

[@pooga5248]

@@cajethanozor2322 Sure... are you willing to pay $5000 for a new iphone? i will answer that for you.... NOPE.

[@LLWCorp]

clearly you dont own a large manufacturing co nor have taken an economics class. Lower cost manufacturing increases the standard of living of all americans and enables us to focus on high value added jobs.

[@PedroHenrique-ow8kj]

why is it so expensive to build stuff in America?

[@aahmed29]

This is how politicians play with regular everyday people. They take advantage of the lack of education of regular everyday Americans and use that as their advantage, yet these Americans cheers for their beloved politicians and vote for them. This dumbness is unbelievable! LOL

[@memoobaba]

Yeah exactly I see brain washed people on both sides it’s a shame.

[@mayankjain3299]

That's the case in all societies.

[@memoobaba]

@@mayankjain3299 KZbin censored my comment I was trying to say the same thing lol , got a notification of your reply but my original comment is gone now horrible!

[@xdxdx4085]

America is a dumb country in general

[@makiyano9896]

Very interesting how politicians can just make the public believe whatever they want us to believe.

[@greenpickle9606]

Media* you meant…

[@makiyano9896]

@@greenpickle9606 yes, both actually.

[@davidwong5197]

@@makiyano9896 Americans are undereducated. Smart one do their own research. But most prefered Alex Jones, Hanity, Meadow. Do you know CA used to be a red state and TX blue state?

[@sarahjenkins7064]

That’s because the military industrial complex owns both the media and our politicians.

[@Booz2020]

Gotta have Real Eyes to Realize Real Lies 👀

[@veemacks7255]

They're worse than the two old guys in the balcony on the muppet show.

[@seymorefact4333]

Statler and Waldorf at least made me laugh. These 2 real life idiots will harm us!

[@henryairconcepts2999]

As an outsider, we're worried too because our economy is tied to US economy

[@fisherwharry6698]

Realize what they’re saying is that American workers need to compete with child labour… competitive forces are good for free market when the market operates under the same rules and regulations only!! government makes American companies pay people minimum wage and then cnbc(fake buisness news) says that American companies are just scared to compete with china and 3rd world companies for cheaper products and services. this is plain and obvious if you dont agree you don't understand anything or your a actor hired by government or cnbc🤣

[@Manselus-mn1mn]

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

[@Cinthia-gk3ip]

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown

[@SirBenjamin-oq1wd]

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[@MablePauls]

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[@SirBenjamin-oq1wd]

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[@MablePauls]

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[@jasonschultz9570]

Just another tax. How about the government just stops spending so much? Stop wasting so much?

[@panng3504]

Except foreign aid on wars, what does the govt, spend so much on?

[@Aapig]

It's just a tax for Israel and Ukraine

[@XOPOIIIO]

@@Aapig They are the testing ground for weapons and tactics of warfare, plus geopolitical interests. Social security spending are much bigger and less important for the country.

[@stant7122]

Tariffs may not be the best tool to reduce trade deficit. What tool would be better? Cause the more money we send to China, the more they will use it against us

[@justinliu1014]

I see construction workers that work for the government change the corner of a sidewalk the other day. One person is actually moving and working while the other 4 watches. Paid hourly btw, takes days to finish a something that could be done in a few hours if they were paid by completion.

[@80jinjang]

They were more concerned about who can carry the golf bag.

[@M3LO]

Man all Bernie was trying to do was get us all affordable healthcare but he got pushed out for these two ?

[@davidwong5197]

Americans want to pay more for less so they can be number 1. providing healthcare does not provide a STRONG impression. But Bashing China and the world does.

[@dudea3378]

He didn't communicate it well enough. He needs to assume his audience is full of 10 year olds and dumb it all down so that the average voter can understand him.

[@The_Hulkster]

Democrats pushed him aside to make room for Biden. LOL. If Bernie was the front runner, democrats would have been thriving now. Shot them selves in the foot. Republicans aren't much better but Trump is certainly the better choice as opposed to Biden

[@XOPOIIIO]

There can be no affordable healthcare, only healthcare afforded by somebody else.

[@Booz2020]

Gotta have Real Eyes to Realize Real Lies 👀

[@LyodDan]

Awesome video, Gracias,! I think the market is over-heated. And I am concerned that people are focusing less on fundamentals and just chanting the mantra of dollar cost averaging and driving the market higher without considering fundamentals. It is a catch-22 for me. I mean I like crypto prices going higher but I also hate buying over-priced market and ETFs. Personally, I have stopped buying growth ETFs- they are ridiculously over-valued. Dividend crypto and ETFs are a little better but they are still over-valued. There is some hope with small and mid caps. I am not sure they are undervalued but at least they are less over-valued..This pattern offers a valuable insight for strategic planning. Despite these trends, i have delve deeply into active trading and managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Haley Eleanor , whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@odilebessekon6408]

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[@janiceflow]

She is my family' personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.

[@aliciagabreil]

The true financial unlock comes when you understand and know the technique required to manage your investment's overall risk profile and avoid permanent capital loss. It is critical to have a strategy in place to capitalize on profits when they occur.

[@mdshabazkhan7441]

How can I get in touch with Haley Eleanor? What are her offerings?

[@HenryBerg-ek1ei]

Oh yeah sure, she's active on What's ApK

[@brianliew5901]

With this caliber of leadership, America is totally fxcked. 😢😢😢😢

[@WillieFungo]

Stop being melodramatic.

[@jensumayer]

Tariffs like sales taxes are a regressive taxation, i. e. poorer people pay a larger portion of their income.

[@User.2024.1]

When AIPAC makes initial candidate choices then Americans vote on the limited pre-selected candidates, this is what you end up with.

[@junaidisalam5718]

kudos to those St.oopid a merican who cheered the tariffs

[@walterhat1638]

Tariffs are just another way for the government to regulate my life. :(

[@Ckomon]

Yes, it’s a way for the government to save you from your own worst instinct: buying the cheapest item that is shipping American jobs overseas.

[@Hasanaljadid]

Tariffs should be Only for chinese imports and nothing else

[@remix-yy1hs]

​@@Ckomonbut why does the military buy Chinese chips electronics?

[@remix-yy1hs]

​@@Ckomonbut you and i cant buy ev car?

[@davidwong5197]

@@Ckomon Americans do not mae consumer goods. Too competitive. No toy factory, no phone factory , no PC, TV factories, etc etc. US companies simply don't know how to compete.

[@LLWCorp]

I own a manufacturing co and we import some of our products from China. 100% of the tariff is paid by American consumers. The way it works is In order to have the goods cleared by customs the importer (person or co receiving the goods) must pay the tariff. In our case it is 30% of the goods value. When Trump increased the tariffs from 3% to 30% we just raised the price to the consumer by the same amount.

[@richardong7742]

And his audience cheered and applauded having to pay much more for most of the goods! People enjoying high taxes! Lol

[@skak3000]

That is the point of tariffs... Increase prices on imported stuff. This makes it possible to make the same product in the country to the same price...

[@itsjayswelly]

We've been complaining about inflation for years but somehow we're willing to pay higher prices just cause?

[@BreadedAllOverYou]

Only it’s impossible to make the same product as the same price. China has lower costs for materials and workers get paid less than America”s workers. This means the cost will always be lower in china and American companies see no profit having businesses in America compared to China. Here’s an example: You can stay in America and spend $10 to procure materials, pay $15 for workers, and sell your product for $30 which is a $5 profit. Now you can go to China and pay $5 for material, $10 for workers, and sell for $25 which is a $10 profit. Now which price would consumers rather choose: $30 or $25? And which would you choose for profit: $5 or $10? Seeing how low the prices are, consumers will buy more of the $25 product, meaning you get a $10 profit more often as compared to a $5 profit.

[@tooltalk]

@@BreadedAllOverYou>>Also, Mexico stopped offering low cost public land and tax cuts in EV productions, not subsidizing.

[@amrgg3272]

Isn't the issue that with no tariffs, manufacturing jobs are moving to other countries. Wasn't Detroit the hub of car manufacturing back in the day before jobs were moved to china. These tariffs are meant to even the playing field and should be viewed as a long term investments. Its also good to note that both the presidential candidates agree on tariff. This video is a short term analysis of short term discomfort to American citizens.

[@TheVinster]

Yes it protects American businesses from being lowballed. But it appears the people in the comments (and in the video) don't understand this.

[@spcysos]

If those companies move their manufacturing plants here, sure but otherwise seems like just a push?

[@pooga5248]

@@TheVinster Why should the people PAY the c0st, If china can build a product at a lower cost it's good for the customer. Its US corporations that have a problem

[@amrgg3272]

@@spcysos The idea is not to send further jobs out. Damage is already done in the last 3 decades and the lost jobs are not coming back. Tariffs prevent that and evens the playing field for current American businesses.

[@meandshe1518]

How about we outsource all news media content where the labor rates are cheaper. Artificial intelligence is already in use. It would spawn a "just like that" moment.

[@davidwong5197]

We already did. Most media use free lance reporter for oversea coverage

[@joeycelis]

My understanding is tariffs on import goods is to make them competitive to goods produced locally. That way the local producers won’t be undercut by imported goods that don’t have the addition cost of producing locally. Level playing field in price. Now the consumer decided on the actual quality of the products. This is not a USA only thing. Other countries do this as well to imported goods. Hence the reciprocal trade proposal.

[@davidwong5197]

Except we are putting tariff on things we don't make. WE do not make consumer goods. RCA, Magnevox are Chines companies now.

[@spcysos]

Let them undercut us and focus on quality products that will sell? Trying to understand this better over all.

[@mikebostic9518]

Both. Its unfortunate that so many dont understand that tariffs are indeed a tax on Americans which has the ability to make inflation worse. It's too bad neither trump or Biden or even their economic advisers understand this.

[@Booz2020]

Gotta get Real Eyes to Realize Real Lies 👀

[@amrgg3272]

It also noteworthy that 80 billion was spent on Ukraine war alone. If war is important, Americans should understand that inflation is mandatory. End of the day, tariffs were revenue not spending.

[@user-tg8xx1qw6h]

Is it really a tax tax when Trump offset it by cutting your income taxes? Remember that? They didnt cover that. This is deceptively reported. Don't you know by now that you can't trust NBC? THEY LIE. THEY LIE. THEY LIE. and when they finish that they LIE SOME MORE.

[@joejoey7272]

Tarrifs in theory encourage local production the problem is nothing is produced locally anymore

[@remix-yy1hs]

There is nothing to protect 😂😂😂 and the only ones left are dependent on china or else they will go bankrupt

[@buckwagers]

"nothing is produced locally anymore" And WHY is that?

[@cameronh5442]

Yea, basically because other countries have lower costs of living, so they can produce things for cheaper.

[@dfpolitowski2]

I'm a machinist in NJ and I been producing machines parts, medical parts of all kinds since 1984. I don't get you.

[@cameronh5442]

@@dfpolitowski2 are you the reason why my er bill is $4,500 lol?

[@buckwagers]

The actual question: Do Americans regard slightly more costly imports as more detrimental than exported jobs?

[@lashlarue7924]

They already exported all the jobs 30 years ago, there isn't anything left to export now!

[@KayyHong]

"slightly more costly." Are you kidding? 100% on EVs and 60% on everything else on Chinese imports (still cheaper than made in America). Even products imported from other countries have Chinese components. Tariffs is not the answer but the two old men refuse to face reality.

[@buckwagers]

@@lashlarue7924 True, though not quite all. At least they are trying to "repatriate" productivity in geostrategically-essential high value sectors.

[@buckwagers]

@@KayyHong Exploding EVs are not "cheap" in the long run.

[@davidwong5197]

@@buckwagers And what will those sectors be?

[@braxtonmosack4304]

So a 25% tariff only increased steel and aluminum cost by 2.4% and 1.2% that sounds like annual inflation numbers. Tariffs went into effect in 2018. Inflation by year 2018: 1.9% 2019: 2.3% 2020: 1.4%

[@theodorbrinch]

tariffs as a form of tax are actually quite good. They raise public money, and favour domestic productivity. its also greener, and less susceptible to supply chain issues

[@tooltalk]

tariff is nowhere as effective printing money.

[@saulgoodman2018]

Tariff's will never replace income tax. Congress will never pass that. It helps pay for their salary.

[@WiscoTricks]

Their salary isn't really all that great for living in D.C and their home state, this is why many of them sleep in their own office.

[@davidwong5197]

It is a consumption tax on the poor. Rich people are noyt buying private jet and mega yachts from China

[@saulgoodman2018]

@@WiscoTricks It does not matter. Our taxes still pays their salary.

[@ssuwandi3240]

Simply make you think twice to buy Made in China which the Uniparty also instructed only buy Made in China 😊 You're whining is so hilarious 😂

[@XOPOIIIO]

Why would they care where the salary come from?

[@jamietung8233]

What is worse? Not having a job and not being able to afford to pay for anything or having a job, having to work 40 hours per week, and still not being able to afford to pay for anything?

[@DaniEles-rc7ij]

we could have cheap Chinese EV's but they wont let it happen.. also.. where is our homegrown 5G tech?

[@KayyHong]

And a whole bunch of other stuff.

[@williamaseng]

Which is so contradictory with the goal of reducing carbon. Not like it’s going to improve EV market in the US which is basically just Tesla dominating. The other automakers are scaling back.

[@DaniEles-rc7ij]

@@williamaseng exactly

[@tooltalk]

We get 5G infrastructure equipments from our allies from Sweden (Ericsson), Finland (Nokia) and South Korea (Samsung). The US is already the leader in 5G chipset, mobile devices, etc (Qualcomm to name a few). The US is not interested in dominating all fields of tech like China wants to and farmed those out years ago.

[@thetacokawaii5708]

​@@tooltalku sound very scared and jealous of china🇨🇳

[@alohatraveler]

This message brought to you by the Chinese government

[@johnwhatever8000]

Yeah, it increases prices, but then it incentivizes companies to make products domestically and have domestic products able to compete with cheap foreign products

[@effend446]

If Nike were to manufacture their shoes here in the USA, they would have to charge 3-times as much as they are charging now for a pair of Nike’s/Jordans.

[@johnwhatever8000]

Oh noo! Nike can’t use slave labor to make shoes and artificial low prices!! Wow so sad that Nike would actually have to pay their workers and that we wont be able to afford 20 pairs of shoes any more. My heart breaks!! Let’s keep Nike in china where they dumb toxic crap in rivers and oceans and use slave labor

[@benedibrava]

CNBC is supposed to be financial channel? wow tariff has nothing to do with Americans, unless what is being imported has no competition in USA for example lets talk about cars, if USA companies are selling their cars for 40k dollars it doesn't matter the tariffs, the cars being imported, have to keep their price at 40k dollars or lower

[@mayankjain3299]

Tariffs are better than no tariffs. At least tariffs help gradually build the domestic industry, keep Americans employed, and weaken the industries of other nations by not importing their goods. What will people do with whatever little savings they enjoy on account of no tariffs if they have no jobs because all those jobs have been outsourced to sweat shops. It would be another thing if home prices fell drastically - that's what people want to buy. Will 0 tariffs help with reducing home prices? People don't mind paying slightly higher prices for whatever other knick knacks they buy on a day to day basis.

[@Avantime]

The problem is "Will domestic industry get built? And if so, will they mature and thrive if the tariffs are later removed?" If it's a no to either question, then you're ultimately wasting your time because you're just imposing higher costs on the domestic consumer on items that domestic producers will never, ever be able to produce as efficiently as those foreigners. For example no American will buy toys if they go up 10x in price, because that's the cost of toys made by US workers. And short of robots taking over American workers' jobs, that inefficiency will stay the same. Brazil has massive tariffs on nearly all imports for many decades, and its economy has, is and will continue to be second-rate. I mean no one buys a Brazilian-made car, except for Brazilians who can't import. Some nations instead focus on certain industries where they have a competitive advantage, and use that to subsidize job losses in other industries where they have no hope of competing internationally. The political issue is that it hollows out certain regions in favour of others, and that becomes an electoral problem. Still, blaming the foreigner is a politically seductive narrative.

[@user-it2wi4tz2u]

Under the protection of tariff, industries can not grow up. They will lost everything in world market.

[@29battles10]

The money collected is going to Israel and Ukraine

[@Stantep]

We should continue to keep tariffs high. Before trump, it was cheaper for companies to pay import fees from Europe and buy American company equipment from there. For example, Cisco was cheaper to purchase in Europe and ship to New York (pay 2.5% import fee) than to actually purchase in New York and pay the 8.875% sales tax. That made absolutely no sense and thankfully it has been fixed. I lost sales when I was in that industry due to this.

[@jd-py5nm]

oh no american companies can compete with cheap chinese trash thats dumped on the market this is terrible! Not to mention the consumer here in the US may actually work for and thus benefit from their company having the tariff protection or perhaps gain a new job doing so

[@jordaniemontilliet3168]

I don’t typically leave KZbin comments, but I thought that it was necessary in this instance. I’m a Democrat who lives in the San Francisco Bay Area. I’m rather appalled at how one sided this op-ed is. The economic risk from trade wars and tariffs in this instance are indeed true, however only side of a complex problem. In this op-ed, there were several contributors from think tanks, universities, and economists. Large from wealthy coastal areas, such as where I live. Not one contributor came from the Rust Belt, where the impacts of free trade and globalization have been devastating to those communities, with generational consequences. In fact, the issue wasn’t mentioned at all about the immense job losses in those regions to oversees competition. Hardly any consideration was given to the argument that acting to employ Americans in good jobs at home may actually solve many of the societal problems that our government has not been able to solve in recent decades. Pursuing the lowest possible prices for goods is not the only economic consideration in play here. I enjoy these CBS takes. I do however expect to see better journalism in the future from CBS. This take on the issue is of poor quality and clearly representative of one side of this argument.

[@AdamStansbery]

You get it. Too bad the vast majority do not. They only want their cheap goods from foreign countries. They don't care about other people in the USA that are struggling because their jobs were shipped to other countries. They also don't realize that the millions of people that are struggling have a huge impact on the economy as a whole. Which in turn also affects them. Before the middle class was decimated we were a strong economy. Yet we have been going down hill for over forty years.

[@davidwong5197]

What you are missing here is the economic evolution. Low paying jobs ALWAYS migrated to lower paying countries. It used to be Japan and then Korea snd the Taiwan and now China. China is getting expensive too. So now they are maede in Vietnam and Mexico. Then US corporations are short sighted. Why is it more epensive to make steel and aluminum in US than the ENTIRE world? Why Detriot are longer making sedans? US has fundamental problem that the current political system cannot solve. Somehow, congress thinks you can pass a bill obstructing competition things will get better. Well they don't.

[@AdamStansbery]

@@davidwong5197 What you're missing is that this is all a problem with late stage capitalism. It's the short sightedness of the impatience and instant gratification of people. You can't sustain expected year after year growth without destroying yourself from the inside. It can be fixed by limiting the rampant exploitation of the workforce. Also limiting the ability for companies to move operations overseas without massive sanctions. It has nothing to do with companies inability to make enough profits. They can make enough. They just won't be able to make near as much as they want to. If they fail because of this then so be it. It means their business model was a pile of crap in the first place.

[@daweigao5950]

Most likely, tariffs does not help domestic manufacturing. Even after massive tarriff increase, the imported goods are often still cheaper than domestic ones. Also lots of them aren't even manufactured domestically, you need a whole supply chain for manufacturing those things. Also, even after massive tarriff increases, manufacturers can simply migrate to Mexico and enjoy zero tarriff anyways.

[@AdamStansbery]

@@daweigao5950 And that last sentence is where the real problem lies.

[@Jamezar]

"It would distort trade, it would bring it back to the United States" Stable genius at work

[@bobbysixkiller4140]

See, china introduced electric cars that have really low pricing that costumers can easily afford. But now they have 100% tariff tax which means those cars now cost twice the price

[@destroystreets1023]

them lil trucks they ship in a box?

[@TopShot501st]

Auto Union vote is too strong

[@jackleung0124]

U want all those spying machine on the street, and they can remotely stop your car from operation? Not to mention they are so easy to cause explosions. There are proof all of the place for above.

[@joechung9388]

US economy just relies too much on auto industry

[@HarryMonn]

When we outsourced to China in the past, we've found it's very hard to get the factories and expertise back necessary to rebuild industry. We don't wanna do that again, especially with EVs. Also the Pentagon expects war with China this decade, and so the government is trying to decouple as much as possible to soften the economic blow in case war really does happen.

[@Steviethegr8]

Neither. Short term tariffs will be hard short term and successful for every American long term. This government has forced us into an impossible situation without short term pain.

[@sarahjenkins7064]

We’ve had tariffs on Chinese solar and subsidized solar companies in the US since Obama days, has US solar manufacturers made any gains?

[@nc6520]

I suppose we need to build in the US and increase US jobs to offset those tarrifs.

[@davidwong5197]

How? Corporation will not invest unless they see a huge return in a short time. Why do we still not have 5G tech? Ans No one wants to invest

[@itsjayswelly]

Americans aren't willing to pay higher prices, full stop. We've been complaining about inflation for years but all of sudden we're cool with higher prices?

[@kaushikmahadev8635]

But trump also talked about reducing the income tax rate drastically so wouldn't that balance it out ?

[@Aki_Lesbrinco]

Trump only wants to reduce the rich people's tax which, already enjoy multiple tax advantages.

[@nbonasoro]

Tariffs have a long and successful history of correcting trade imbalances and allowing domestic industries to develop. Yes tariffs are a tax, thats the point. A country like china that exports more than it imports poses a danger to other countries by harming their domestic industries so tariffs reeuce the purchases from that exporting country by taxing the citizens of the importing country. Thats the point and this is good.

[@yuanjing2621]

I don't know much about economics, and I want to know whether the tariffs imposed are used to subsidize or improve the quality of life of the country's people in some way, or to be more straightforward, where is the money used?

[@LongNguyen-ce8nn]

Look at the state of our economy and inflation rate. You already know who is better.

[@ronblack7870]

the inflation is because of the short sighted response to covid and the massive printing of money to just give it away excessively.

[@itsjayswelly]

Yeah neither one of these two

[@standyw]

So the alternative is to relocate the production lines in USA and let American people to earn the wages and boost consumptions and investments within the USA~

[@MCorpReview]

America first means manufacturers first not consumers 😂

[@vincentmcbean6512]

Tariffs increase the prices of goods for Americans, but they also provide American jobs

[@WillieFungo]

People cry about tarriffs but hate it when American corporations offshore labor. At the end of the day it's the same thing. Either you want to protect domestic production or you don't.

[@jasonguerra8404]

Yes! Inflate cheap goods lacking quality and deflate domestic goods

[@Norwegian733]

The EU, Japan, Canada, Australia, UK, etc should also impose tariffs on China. And follow the production if they move it to other countries. Tariffs on chinese products all over the place is good for the world.

[@jacoblam8433]

why would you like to pay more?

[@baikeiast5255]

I dont know japanese are white 😅😅😅😅

[@samuel.andermatt]

The trade deficit just means americans spend more than they produce. Yes stopping that will mean the consumer gets less, but it also meand the us will stop selling its assets and piling up debt.

[@Pyrrhic.]

The US will always have debt so long as the US dollar remains the world currency reserve. Trade deficits are the prerequisite for dollar liquidity. The US just has to focus on high valued exports and domestic growth in consumption and investment. Growth through trade is a losing battle for Americans so we should stop focusing on trade deficits.

[@davidwong5197]

@@Pyrrhic. Don't cry for US. The trade deficit does not include service.US provides accounting, legal, consulting service to China that are not counted. Starbuck ,KFC. Pizza hut all made tons of money in China.

[@ssuwandi3240]

Nope, simply means buy Made in USA or G7. Why is that so difficult

[@samuel.andermatt]

@@ssuwandi3240 If you consume more than you produce, consuming what you produce yourself only means consuming less.

[@ssuwandi3240]

@@samuel.andermatt there are supplies in G7 that you can consume but not Made in China because the Uniparty already instructed the citizens to only buy Made in China.

[@kevinl20082008]

We Americans have run out of man to elect as our President same as Hollywood, run of American man to play the leading role.

[@flyingshrapnelchai960]

when CNBC squawk box commentator ask Trump that what if China might do the same (imposing tariffs) to American company. And Trump (on the phone) said "they could, but they didn't do that with me", which has only one meaning: They are smarter than either you or Mr. Biden😃

[@davidwong5197]

Actually they did raise tariff on farm product. They are buying from Brazil now.

[@Pyrrhic.]

The US needs to focus on high valued exports and domestic growth in consumption and investment spending. Trade restrictions should only be limited to core industries related to national security. As for the rest, focusing on trade deficits for economic growth is a losing battle.

[@chowroger4937]

According to many of my factory owner friends in China, the ending retail price in US of their products is usually 7× to 10x when compared to their production cost. And China's supply chain is super diverse and improved now, they do have very good products with higher cost and very cheap products at the same time. Not just clothes, I mean 3C accessories, furnitures, toys, machine parts, everything. The American dealers and the government earn tons of dollars in between when blaming China on media every day and letting inflation hurt working class, that's sad. China's PPI/CPI is getting weak and US's rocketed, how irony.

[@user-ll1rw1so8p]

The problem is inside not outside

[@ariawilliams7422]

No matter how people feel about Obama I can say that we did not have this problem under his presidency and I actually had extra money to save. now I can't even buy groceries without penny pinching, thanks to Trump and Biden!

[@mkaltreider5322]

Removing tariffs already in place are not going to lower costs. The companies already passed the higher cost on to consumers. They will just keep the higher prices as profits because people / businesses are already paying it. That said, we really should stop widespread tariff incresaes - its not bringing back manufacturing to the US and is only keeping inflation high.

[@fofoqueiro5524]

If you don't make the products but impose tariffs, in the end, the domestic consumers pay the bills while the politicians take the office.

[@Demcatszzzzs]

How did people think tariffs worked, you either want more made in America or you want cheap prices

[@888JesusChrist]

More tarriffs please. It lowers inflation by lowering the monetary supply. It also helps lower budget and trade deficits and balance of trade.

[@rockabye_baby187]

Cool. That means both.

[@piku5637]

Cooperatives and strong unions need to be normalized across North America.

[@SlightlyOddFilms]

So wait wait wait. Everyone wants to make 25+ an hour for minimum wage. But heaven forbid we tariff the countries with average wages in the single digits. To level the playing field. Make it make sense

[@tasky479]

The idea of ​​analyzing only as consumers is over. What is best for the worker? What is good for the country?

[@JD-im4wu]

i support taxing the rich and i support tariffs our infrastructure is crumbling

[@jiminy82]

Rich people are the only ones paying taxes already...

[@CheesyAceGameplay]

All I hear from CNBC is negative negative negative. They like economic growth so I get it. However. It is an expensive lifestyle to be an American. If there are no tariffs I don’t understand how American businesses can be profitable ?!? Cut labor?!? Cut prices?!? It costs an American more to produce a good than other nations because of how our economy is set up. I would much rather have an equal playing field. Someone plz educate me.

[@BreadedAllOverYou]

If there are no tariffs, most American businesses are able to pay less for material. This means the overall cost for consumers are lower. This would encourage spending and the American economy can move more freely. If there are tariffs, the American businesses will just pay more for material and that would lead to consumer’s cost to increase. Higher cost = consumer less likely to buy. If there isnt anyone buying, China will stop trading with America and the overall costs for all material will increase. A lot of things made in China (Think the iPhone) could see up to a 1000% increase if China stops trade with the US

[@PYTU]

Just put the prices back to the early 2000 on everything and all countries. We all would have money to save and we can continue buying from whomever. The goods and services will not slow down due to inflation

[@MO-hk9ko]

The Chinese manufacturers will just shift to non tarrif countries for production with same cost base. Problem solved.

[@timothyshiu2263]

Consumers end up paying tariff. Where does tariff go to?

[@cristiancastillo3125]

So we paid more with trump than why the hell could everyone afford way more

[@ashboyz90]

Most of the tax money goes to.....???

[@RealGrandFail]

Higher Tariffs and Higher Taxes both lead higher prices

[@dansturgis9882]

Tariffs should be focused and limited in time. In a case where China subsidized an industry (such as EVs) a tariff makes sense until the US industry develops. At some point, our subsidies should be compared to China's and if theirs is more, we should equalize with tariffs. If China no longer subsidizes their product we should remove tariffs. It is more complicated than that but that is the general idea...to create a more level playing field. We must always remember that for the most part American consumers pay for the tariff and any that other countries place on our goods.

[@thanhdatvo0]

They should use the money from tariff policy to invest on companies that use U.S workers, instead collecting it as a trade tax.

[@SalmanKhan-ze3zh]

"Companies that use US workers" yeah they import now 60% more expensive Chinese goods to make stuff

[@davidwong5197]

NO they used the tariff to subsidize farmers that lost Chinese business

[@robna1168]

Its important believe it or not, we need tariffs bottom line is the company needs our business to be a business

[@TheGercek53]

Tarifs doesnt increase inflation it will protect local bussiness and production, here in EU, gov wants to increase any chinese products to protect eu local bussiness

[@lincolnwang6774]

Why not only let those people who hate imported goods pay tariffs? I am sure many patriots will pay much higher tariffs than our current percentage, while other consumers can get zero tariffs.

[@straightup7up]

No videos on today's unemployment report?

[@Tola5657]

And Ttump still don't understand how it work

[@uwone7778]

Nice sentence!

[@Brayness]

Jim Halpert has the answer "Both, they're both worse"

[@erinh888]

This is disappointing, usually CNBC has 2 different view points speaking, this is all one sides and leading. We would not have to put Tariffs on imported goods, if companies were not so greedy to start with and exported all our jobs! Let us work too!

[@erinh888]

Still waiting for a 3rd option😢

[@ryanhall3689]

One we only pay the cost if we choose to buy more Chinese junk. Two all these conglomerated corporations don't have to pass every penny to the consumer but they will for their bottom line to make the most for themselves rather than ease the burden on the consumer. In three don't say on Chinese goods imported because most companies here have it produced cheaper overseas and reap the benefits of the low labor cost then bring it back here

[@zangarkhan]

I rather reduce the number of products I actually need and pay more for goods made in the USA even locally. If this it effects consumers too much simply reduce income taxes to the consumers by the amount of tariffs generated. I want long term suitable local manufacturing with a focus on quality and suitability not disposable. Ideally with a end-to-end recycling programs.

[@YorickReturns]

If you want to "buy American", you can. Just don't force others to do it.

[@Tola5657]

Why you don't do it then ? I live in Denmark and choose too buy a sweatshirt there was made in the usa that I prefer that over China no one force you to not do the same

[@zangarkhan]

​@@YorickReturns Its not consumers it incentivizing business to locate and align themselves the the nation they hold customer value in. (USA, Japan, or China) This is in the self-interest of the both nations and their citizens as it creates opportunities, jobs, and overall value for every individual in the nation.

[@gz6x]

@@zangarkhan It will not work due US party politics. The more the rich gets, the less we have.

[@electromega3077]

Do I need to remind you that the USA is by far the champion of planned obsolescence? You need to stop living in ur imaginary world.

[@chobson8602]

Which tariffs are better for the American producer?

[@YorickReturns]

None. Being lied to about the worth of one's work is not in anyone's self-interest, just as being lied to about one's health isn't in anyone's self-interest.

[@davidwong5197]

We are better off investing in R&D. Bring back Bell Lab and PARC. Fund strategic market start up.

[@ronblack7870]

steel tarrifs hurt industries that use steel . it helps those that produce steel. there are 10 times as many workers using steel than producing steel.

[@BreadedAllOverYou]

You are forced to choose between two evils. Neither are great for the producers or consumers.

[@davidwong5197]

@@BreadedAllOverYou Sad thing is lesser of two evils isa still evil

[@Soshiaircon91]

Everything end up a cost transfer to consumer.

[@jianusheng3851]

When Elon Musk laughed at how poor quality BYD cars were, China invited him to set up a Mega factory in Shanghai, with cheap bank loans and land... Now BYD is the No.1 EV maker in the world.

[@stevec6919]

Chinese EV is about $9000 without tariff

[@maxpayne282]

As a Chinese, I have never been to the United States, so I cannot evaluate the domestic policies of the United States. But in the past 30 years, the Chinese government has also imposed high tariffs on imported cars, so for a long time in the past, it was not easy for Chinese people to buy a car. And because China's automobile industry was monopolized by joint ventures led by Chinese state-owned enterprises in the past, without the impact of imported cars, the industry lacked competition for a long time, and technological innovation stagnated. It was not until recent years that the Chinese automobile industry was reactivated due to the participation of private car companies, and some excellent products were born. So, putting aside political positions, I think competition is always a good thing, and people in every country should have the right to have more choices.

[@ronniejohn6055]

There are 2 funny things : 1. Govt claims to have reduced China's trade deficit. Rather than by increasing export, it decreased because US imposed tariffs on Chinese goods. 2. It's all free and fair trade ONLY if America win 3. These tariffs supposed to protect domestic market but in reality it harms people instead due to the mark up prices.

[@tooltalk]

not another propagadan panda. 1. Yes, you have to either increase export or reduce import to close the trade gap. The US is importing similar goods from non-Chinese sources. The top trading partner for countries like Japan, South Korea, Germany, etc switched from China to the US. 2. China never believed in or practiced free-trade, so no issue here 3. it's really the Ukraine war driving up prices especially in Europe, not tariff on China.

[@BreadedAllOverYou]

⁠​⁠​⁠​⁠​⁠​⁠​⁠​⁠​⁠​⁠​⁠​⁠​⁠​⁠​⁠@@tooltalkNot another CIA bot. 1. You just admitted that the US reduced the trade deficit by decreasing imports from China instead of increasing exports themselves. This is the worst thing that could’ve happened and any other economist would tell you the same. 2. China has been doing free trade before the US has gained independency. What do you think the silk road was for? The country not practicing free trade is the US, who started a trade war for no reason and increased tariffs which only hurted the people. The ones imparting unfair policies are also the US which other countries and economist can attest to. You also seemingly admitted that OP is correct in that “It’s all free and fair trade ONLY if American wins.” 3. The Ukraine war drove up prices because of cutting out Russia, not having a war involving Ukraine. Ukraine is actually driving up profits for weapon manufacturers. Tariffs on China have definitely drove up prices. Have you seen what happened when Trump started the trade war? Have you seen the inflation caused from increasing Tariffs on China which is even found in the video? And how are tariffs not hurting the domestic market when inflation is high? Conclusions: -You did not watch the video -You are not an economist -You are not educated about this topic -You parrot whatever the adults say, even if everyone else around the world knows the adults are wrong -You could potentially be part of the unit paid by the US government to spread propaganda and misinformation (Search up what the Pentagon has done)

[@WillieFungo]

Trump needs to bring back the Most Favored Nation Model for drug pricing. No more subisidzing European healthcare!

[@paulstupka5583]

In the end who pays? We do.

[@HolloMatlala1]

This is just a Simple War of Carrots (Subsidize) and Sticks (Tax) 1. ProACTIVE: Either you invest in the Early Stages of Production and help reduce the price along the Value Chain = China's Approach 2. ReACTIVE: CathUp and play with the Sticks (Taxes) at the end of Production to influence the End Price= West's Approach

[@KeithMetoyer]

Americans net spending power whether discretionary income or credit fueled is rapidly reaching the end of its rope. Additional cost pressures will simply further exhaust consumers and result in a sharp spending slump as consumers re-prioritize essentials. Either incomes need to be boosted, tax burdens shifted to higher earners or a combination of the two. Good luck.

[@htc334]

Somehow I already know what the CNBC stance would be before coming in

[@millabasset1710]

Can we address middle ages wages and high inflation before tariffs No one likes tariffs aside from politicians, who the hell cares.

[@user-yz3uz4ny8j]

Desperately damaged control from news channel after debate is eye opening. To the point that you have to compare what worse?

[@nw6932]

what a cold take. tariffs are only a tax in the sense that imported goods then cost more than the importer wants to sell for (the tariff will bring up the retail price somewhere to around the levels of domestic prices of similar products). we don't want imports wrecking our economy. Sure, you could buy the Chinese EV's or whatever junk for like a smaller sum. Have fun with the result of having no domestic auto companies because they're all bankrupt from having no buyers and no consumer protections because the owners of the producing company are all overseas. sorry fellow american worker! I didn't know you would lose your job! I just wanted to buy cheap imported whatever! And that's not just cars; it's any industry.

[@dr_flunks]

i voted trump but these tariffs make me consider the senile guy.

[@anlam1044]

without tariffs we won't have much jobs here. Look at the Japanese cars in the 1970s and now it's cheap chinese BYD cars.

[@davidwong5197]

Without the Japanese cars in the 80, American cars will still have oil leak after 50K miles and lasted only up to 80K miles. Americans need to know how to compete.

[@ronblack7870]

@@davidwong5197 true except 50% of cars are actually full sized trucks . why do so many need trucks? and why are they all full size? what happened to small trucks?

[@4.0gpa44]

​@@ronblack7870Clearly you've not used a full size truck much if at all. A lot are used by contractors and municipalities for towing heavy trailers around.

[@Aapig]

So why can't U.S. companies improve their quality and compete with China and Japan? Can protectionism make the goods you buy better?

[@anlam1044]

@@davidwong5197 The tariff forced the Japanese makers to make cars here in the US. Most Toyota are made here. Ironically, Ford, a US company, made most of their cars in Mexico.