Trump Tariffs: Who Wins and Who Pays
April 2, 2025
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1:56Now PlayingTrump Tariffs: Who Wins and Who Pays
YouTube Description
as posted by the channelUS President Donald Trump has rattled economies and markets with punitive tariffs on goods from the nation’s largest trade partners. So far he’s implemented 25% duties on most Canadian and Mexican imports and raised levies on those from China to 20%.
The moves bring American import duties to their highest average level since 1943, according to the Budget Lab at Yale University, and Trump has indicated more hikes may follow. Here’s how tariffs work — including who actually pays them and how the revenue is collected.
Tariffs are taxes imposed on imported goods. Like all taxes, they are a source of government revenue. Countries have long relied on them to support local industries by making foreign products more expensive. Trump is using them as leverage to achieve foreign policy goals, too.
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