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Who's paying for President Trump's tariffs? #politics #podcast
Bloomberg Televisionยท2025-08-12 15:27

Now that many of President Trump's so-called reciprocal tariffs are in place, the journalist Stacy Vanick Smith says the key question is who's paying for them. The White House has long maintained that foreign companies will foot the bill. But are they? I talked to economist Justin Wolfers from the University of Michigan and he said there are three and a half places where tariffs can the cost of tariffs can end up. One is foreign companies pay for them. Number two is US companies pay for them. Number three i ...