What are tariffs and could Trump’s plans backfire? | Start Here
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Donald Trump has promised to introduce a range of new tariffs on imports to the US when he takes office in January. What exactly are tariffs? Why is Trump so keen on them? And why do some people think his plans could backfire and hurt the US economy? #AJStartHere with Sandra Gathmann explains. Chapters: 00:00 – Introduction 01:20 – Why should we care about tariffs? 01:45 – What are tariffs? 02:30 – Why tariffs were unpopular for a long time 02:42 – Why do governments use tariffs? 04:36 – Who ultimately pays for tariffs? 06:00 – Using tariffs to protect domestic industries 06:50 – The hidden costs of tariffs 07:55 […]