What would be the impact of raising tariffs on products made outside of the U.S.?
Some economic analysts are warning that former President Donald Trump’s plan to raise tarrifs on products made outside of the U.S. could have an inintended consequence. Trump says he’d deploy tarrifs on China and other countries as a way to force them to open up manufacturing and create jobs in the U.S. but not everyone is onbord. Will McBride of the Tax Foundation tells FOX 5’s On The Hill that there’s no quck fix to get companies to move their factories here. In the meantime it could wind up raising prices across the board.