This president has raised average tariffs from 2.5% to more than 17%, the highest level since the Great Depression. Again and again, he is adding costs to American families and businesses. And what are these costs for? They're to finance tax cuts for the wealthiest Americans for the biggest corporations. The end result of the President's art of the deal on trade is higher costs for families, uncertainty for businesses, and alienated allies who no longer view America as a reliable partner to do business with. (16:07–16:14)
CLAIM
Asserts that increased tariffs are used to finance tax cuts for wealthy Americans and large corporations.
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.
