If the result is our trading partners jack up their tariffs and we have high tariffs everywhere, I think that is a bad outcome for America. Tariffs are a tax on consumers and I'm not a fan of jacking up taxes on American consumers. So my hope is these tariffs are short lived and they serve as leverage to lower tariffs across the globe. So you don't want to put any more money, you want to hand any money over to the consumers. (06:32–06:38)
CLAIM
Asserts that tariffs are a tax on consumers and opposes increasing taxes on American consumers.
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.
