From Washington: How Will Tit-For-Tat Tariffs Trickle Down To Consumers?

The Fox News Rundown

FOX News Radio

Politics, Daily News, News

3.4 • 1.5K Ratings

🗓️ 12 April 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, Treasury Secretary Scott Bessent announced that over 75 countries are seeking trade negotiations with the United States following last week’s announcement of President Trump's sweeping tariff plan. China, however, is missing from that list. The White House responded to China's retaliatory tariffs on U.S. goods by imposing a 145% tariff on Chinese imports - but what do the tit-for-tat tariffs mean for American markets and consumers? Research Fellow at the Heritage Foundation's Center for the Federal Budget EJ Antoni discusses the timeline for price increases and explains the importance of shrinking China's sphere of influence. President Trump put an end to Biden-era regulations on US coal production this week, signing four executive orders that aim to revive the coal industry. West Virginia Governor Patrick Morrisey joined the President at the White House on Tuesday and shared the importance of strengthening American energy and the economy. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:29.3	T's and Cs apply.
0:33.9	Saturday, April 12th, 2025.
0:37.2	I'm Jared Halpern. As the U.S. and China trade tariffs, what can you expect in the price of a lot of the everyday things you buy?
0:46.0	We don't have supply chains that can absorb a tremendous amount of excess capacity. They're pretty lean. In other words, a lot of stuff is coming in and going
0:54.2	out right away. That means that we are going to see an effect early on in terms of some, not all,
1:01.7	but some of the cost being passed along through that supply chain. And President Trump is taking
1:06.9	off restraints on U.S. coal production, we speak with West Virginia's governor.
1:11.6	If we don't start driving a lot of energy into this information technology and data and AI, China will be ahead.
1:21.6	And that is not going to be a pretty sight.
1:24.6	This is the Fox News Rundown from Washington.
1:36.3	The Treasury Secretary won't call it a trade war, but it is hard to see tit-for-tat tariffs between the U.S. and China as anything
	...

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