Trump's Plan To Make Us Pay More

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What A Day

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2024-11-19

24 分钟
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President-elect Donald Trump made a lot of questionable promises on the campaign trail. But one of the biggest ones was his promise to improve the economy by imposing at least a 10 percent tariff on all imported goods. For goods from China, he wants a minimum 60 percent tariff. Never mind that some economists say these tariffs, if imposed, could cost the average U.S. household an extra $2,600 a year. Stacey Vanek Smith, senior story editor at Bloomberg Audio, helps us break down what Trump’s tariff plans could mean for all of us. And in headlines: Trump confirms in an early morning retweet that he will try to use the military to mass deport millions of immigrants, momentum builds around the potential release of a House Ethics Committee report about former Rep. Matt Gaetz, and a new report finds 20 percent of Americans get their news from social media influencers.
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  • It's Tuesday, November 19th.

  • I'm Jane Coston, and this is what a day.

  • The show that is pouring one out for the mother of maga, Sarah Palin.

  • Okay, mother of Maga is what someone on the Internet called her and then she shared it to complain about how she hasn't gotten nominated to any cabinet positions.

  • But if it helps Sarah, I also haven't gotten nominated to any cabinet positions.

  • On today's show, Trump makes a critical policy decision at 4am Maybe and TikTok will we still have it in 2025?

  • Let's get into it.

  • If you don't make your product here, then you will have to pay a tariff, a very substantial tariff when you send your product into the United States.

  • If you paid any attention at all to President elect Donald Trump, you know how much he talked about tariffs on the campaign trail.

  • The word tariff, properly used, is a beautiful word, one of the most beautiful words I've ever heard.

  • It's music to my ears, but it.

  • Turns out like overdone steak, diet Coke, cheating on your wife, and other things Trump enjoys.

  • The widespread use of tariffs will not be good for us.

  • Trump has promised to tax every single imported good from China at 60 to 100%, and according to the Peterson Institute for International Economics, tariffs will cost the average U.S.

  • household $2,600 a year.

  • That is not very beautiful.

  • Even Speaker Mike Johnson isn't willing to buy into the tariff plan, or at least he wasn't when Jake Tapper asked him Sunday about Trump's promise to put at least a 10% tariff on all imported goods, like from anywhere.

  • Well, just like with immigration policy, I'm not going to put the cart before the horse.

  • The president and I have talked about this as recently as yesterday, the use of tariffs in the economy and how that might be done.

  • It will be a balancing act, as it always is.