The Harris and Trump campaigns lay out their respective economic agendas. NBC News' Sahil Kapur and Vaughn Hillyard join Meet the Press NOW to discuss the dueling economic proposals and their implications.
With former President Donald Trump floating higher and more far-reaching tariffs if he’s elected to a new term, small businesses that sell everything from bikes to beer are nervous about another cost hike that they’d have to pass on to customers. Chris Smith, the co-founder of Virginia Beer Co. in Williamsburg, Virginia, remembers when he first spotted a 5.5% surcharge on a statement from one of his suppliers, a U.S.-based seller of tap handles manufactured in China.
The tariffs that small and medium-sized businesses have shouldered under the current and prior administrations are “pretty extreme” by historical standards, said Felix Tintelnot, an international trade economist at Duke University. “In the last 75 years, we didn’t have tariff levels anywhere near as high.
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