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President-elect Donald Trump meets Britain's Prince William, Prince of Wales in the Salon Jaune room at the UK Ambassador's Residence on the day of the reopening ceremonies of the Notre-Dame de Paris Cathedral, on December 7, 2024, in Paris, France.
from another country — economists often regard these as taxes on consumers, however, as companies will pass the costs onto those who buy the products. But Trump wrongly pushed the idea that the countries themselves, not the consumers, would pay the costs of the tariffs.“Can you guarantee American families won’t pay more?” Welker continued.Welker: Economists of all stripes say that ultimately, consumers pay the price of tariffs.Trump: I don't believe that.
“Tariffs artificially raise the cost of doing business, which depresses overall economic production in the form of lower gross domestic product, artificially higher prices, and fewer goods sold. For the consumer, this means a reduction in purchasing power,”If you feel rage, despondency, confusion and deep fear today, you are not alone. We’re feeling it too. We are heartsick.
There are many terrifying planks to the Trump agenda, and we plan to devote ourselves to reporting thoroughly on each one and, crucially, covering the movements resisting them. We also recognize that Trump is a dire threat to journalism itself, and that we must take this seriously from the outset.under a Trump presidency.
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