Trump's Plan To Make Us Pay More
What A Day
What A Day
4.6 • 12.6K Ratings
🗓️ 19 November 2024
⏱️ 24 minutes
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Summary
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.
Show Notes:
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Transcript
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| 0:00.0 | It's Tuesday, November 19th. I'm Jane Koston, and this is What Today, the show that is pouring one out for the mother of MAGA, Sarah Palin. |
| 0:10.6 | 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. |
| 0:18.0 | But if it helps, Sarah, I also haven't gotten nominated to any cabinet |
| 0:22.9 | positions. |
| 0:27.0 | On today's show, Trump makes a critical policy decision at 4 a.m., maybe, and TikTok. |
| 0:32.7 | Will we still have it in 2025? |
| 0:34.7 | Let's get into it. |
| 0:36.4 | If you don't make your product here, then you will have to pay a tariff, a very substantial |
| 0:41.6 | tariff, when you send your product into the United States. |
| 0:45.9 | If you paid any attention at all to President-elect Donald Trump, you know how much he |
| 0:50.3 | talked about tariffs on the campaign trail. |
| 0:52.5 | The word tariff properly used is a beautiful word. |
| 0:56.1 | One of the most beautiful words I've ever heard, it's music to my ears. |
| 1:00.7 | But it turns out, like overdone steak, diet Coke, cheating on your wife, and other things Trump |
| 1:05.5 | enjoys, the widespread use of tariffs will not be good for us. |
| 1:09.3 | Trump has promised to tax every single imported |
| 1:11.4 | good from China at 60 to 100 percent, and according to the Peterson Institute for International |
| 1:17.1 | Economics, tariffs will cost the average U.S. household $2,600 a year. That is not very beautiful. |
| 1:24.8 | Even Speaker Mike Johnson isn't willing to buy into the tariff plan, or at least |
| 1:28.6 | he wasn't, when Jake Tapper asked him Sunday about Trump's promise to put at least a 10% tariff on |
| 1:34.5 | all imported goods, like from anywhere. Well, just like with immigration policy, I'm not going to put |
| 1:40.9 | 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. |
... |
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