Let's talk about how much you paid for Trump’s tariffs already....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 31 July 2025
⏱️ ? minutes
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Let's talk about how much you paid for Trump’s tariffs already....
Transcript
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| 0:00.0 | Well, howdy there, Internet people, it spell again. |
| 0:05.0 | So today, we're going to talk about how much you paid for Trump's tariffs already. |
| 0:11.0 | So, I got a message, and I'm going to answer it because it turns into one of my favorite genre of videos on this channel. |
| 0:19.0 | Here we go. I've seen you quote J.P. Morgan before, |
| 0:23.3 | so I know you read their updates. Just wondering when we could expect the video saying that Trump |
| 0:29.3 | was right and that the exporter is eating a majority of the cost for the tariffs and that we're |
| 0:35.1 | not paying for it. I remember you specifically talking about the |
| 0:39.2 | cost to American households during the campaign because I actually gave you credit for showing the |
| 0:45.5 | different estimates and not just repeating what Harris said. She said 4,000. You corrected her |
| 0:52.4 | exaggeration. Then talked about the other estimate that was only |
| 0:56.2 | a thousand. I like that you call balls and strikes. Always a lot of respect if you don't cover |
| 1:02.8 | us not paying for it. When it comes to math, I do like to call balls and strikes. As far as your |
| 1:10.3 | message, swinging a miss. J.P. Morgan |
| 1:14.1 | Private Bank did in fact put out something close to what you're saying, but you want to use a baseball |
| 1:20.6 | analogy, not horseshoes or hand grenades. Close doesn't count. The exporter isn't eating a majority. |
| 1:29.1 | The exporter and the U.S. companies are eating a majority. |
| 1:33.0 | We'll come back to that. |
| 1:34.5 | Because the most important part is that a majority isn't all. |
| 1:39.7 | According to the estimate you're citing, |
| 1:42.1 | U.S. consumers are already paying for a third of the |
| 1:45.2 | tariffs. Trump announced more than a month ago that they've already taken in 100 billion in |
| 1:51.4 | tariffs. Applying the estimate you want to use, that's 33 billion taken out of the pockets |
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