But aren't tariffs a form of taxation, Elizabeth? And doesn't the power reside with Congress? You know, and why aren't people making that point? So it is true. The power resides with Congress to set tariffs. And look, Donald Trump's form of doing tariffs is the worst possible in terms of driving up costs. He has made it on virtually every country, on virtually every product they sell, which drives up prices all across the board. (08:59–09:03)
CLAIM
Asserts that Congress holds the power to set tariffs.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
