President-elect Donald Trump has promised to impose across-the-board tariffs on goods imported from some allies and adversaries, saying foreign countries would pay those taxes to the U.S. Treasury. But it is American consumers who would open their wallets to pay the customs duties. Correspondent David Pogue speaks with Dartmouth economics professor Doug Irwin about the … Read more
New President Donald Trump has made his feelings on tariffs very clear: “The word ‘tariff’ is the greatest word in the dictionary,” he said. “I think it’s more beautiful than ‘love.’ …I love the prices! …Music to my ears! And what exactly is a tariff? It’s a tax. According to Doug Irwin, an economics professor … Read more
Donald Trump threatened to impose new tariffs on Mexico, Canada and China on his first day in office. The president-elect, who takes office on January 20 next year, announced that he would introduce a 25% tax on all products entering the country from Canada and Mexico. Posting on his Truth Social platform, he also threatened … Read more