Tariffs are at the center of former President Donald Trump’s economic plan. He wants to put across-the-board 60% tariffs on everything from China and 10%-20% on everything else from the rest of the world. It’s an extreme trade policy that he wants to use to generate revenue to cut taxes. But how would they work?
WSJ explains how tariffs work and what Trump’s proposals would do.
Chapters:
0:00 ‘The Chicken War’
1:42 How tariffs work
2:42 Tariffs as job creation
4:03 Why tariffs are hard to get rid of
5:37 Trump’s proposals
7:04 China
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