• Sun, February 2, 2025
  • Mon, February 3, 2025

Trump's tariffs will take money out of American pockets: Rep. Glenn Ivey

Rep. Gerry Connolly of Virginia and Rep. Glenn Ivey of Maryland join Jonathan Capehart to discuss the breaking news that President Trump signed executive orders enacting tariffs on Canada, Mexico and China.
The video at the provided URL features Representative Glenn Ivey discussing the implications of former President Donald Trump's proposed tariffs. Ivey argues that these tariffs would essentially act as a tax increase on American consumers, directly impacting their wallets by raising the cost of goods. He explains that tariffs on imports would lead to higher prices for everyday items, thereby reducing the disposable income of average Americans. Ivey criticizes the policy as economically harmful, suggesting it would not only fail to protect American industries but also contribute to inflation and economic strain on the middle and lower-income families. He emphasizes that such measures would not benefit the U.S. economy and could lead to retaliatory tariffs from other countries, further complicating international trade relations.

Read the Full MSN Article at:
https://www.msn.com/en-us/news/politics/trump-s-tariffs-will-take-money-out-of-american-pockets-rep-glenn-ivey/vi-AA1yfR8E