Donald Trump's speeches since his inauguration have often created confusion globally. His impending speech scheduled for 4pm ET today aims to introduce significant changes to US trade policy, including major tariffs. The prospect of these tariffs has raised concerns about their effects, with implications for global trade relations. Tariffs are intended to make imports more costly, benefiting local industries but likely increasing prices for US consumers. The initial financial burden of tariffs falls on US firms, but this is typically transferred to consumers, leading to higher prices on imports and potentially manufactured goods.
The president is set to speak at 4pm ET today, and he's expected to announce one of the most sweeping rewrites of US trade policy in history.
The simple answer is: the US firms bringing in the goods will foot the bill initially, but the cost is usually passed on to US consumers.
Collection
[
|
...
]