“I can’t guarantee anything. I can’t guarantee tomorrow,” Trump told NBC News.
President-elect Donald Trump on Sunday said he “can’t guarantee” that American consumers won’t pay higher prices under his proposed tariff plan in an interview on NBC’s “Meet the Press.”
“I can’t guarantee anything. I can’t guarantee tomorrow,” Trump told NBC News host Kristen Welker after she asked him whether he could guarantee American families won’t pay more if he chooses to impose tariffs on the United States‘ most important trading partners, which he’s repeatedly promised to do.
“But I can say that if you looked at my — just pre-COVID, we had the greatest economy in the history of our country. And I had a lot of tariffs on a lot of different countries, but in particular China,” Trump added.
Tariffs are taxed imposed by the government on imported or exported goods, but they are paid by the American companies that import those goods, not the country that exports them. When tariffs are imposed, the cost of everything from home goods to electronics increases.
„These new duties are often described as ’tariffs on China’ or ’tariffs on the United States,’ but they’re really taxes on American businesses, workers, and consumers“, Ed Gerwin, a senior fellow for trade and global opportunity at the Progressive Policy Institute, previously told Salon.
