Who pays when trade wars heat up?
More or Less: Behind the Stats
BBC
4.6 • 3.5K Ratings
🗓️ 7 September 2024
⏱️ 9 minutes
🧾️ Download transcript
Summary
Donald Trump wants new tariffs on goods coming into the US, describing them as a tax on other countries. The Democrats are no stranger to trade tariffs themselves, with Joe Biden having added them to numerous goods coming into the US from China.
We talk to Erica York from the Tax Foundation about how tariffs work and who ends up paying for them.
Presenter: Tim Harford Producers: Kate Lamble and Beth Ashmead Latham Series producer: Tom Colls Production co-ordinator: Katie Morrison Sound mix: Steve Greenwood Editor: Richard Vadon
Transcript
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| 0:00.0 | My name is Annie Matt Manus and my name is Nick Grimshaw. How long have we known each other babe? |
| 0:05.1 | Probably 20 years now and in that time we've always worked in and around music right? |
| 0:10.6 | We have. So it kind of makes sense that we do a podcast better. |
| 0:13.4 | It sounds like he's been 20 years in the making. It's not a avatar for podcasts, basically, |
| 0:17.6 | but it is good. So we put the world to rights with regards to music. |
| 0:21.5 | It's all the stuff that you'd want to chat to your mate about over a pint. right with |
| 0:23.3 | your mate about over a pint. |
| 0:24.8 | Side-tracked with us, Annie and Nick, listen on BBC Sounds. |
| 0:29.3 | Hello and thanks for downloading the more or less podcast. |
| 0:33.0 | We're a show which cuts through the confusion about the numbers in the news and in life. |
| 0:38.0 | And I'm Tim Harford. |
| 0:40.0 | Today we're setting out on the campaign trail as former President Donald Trump |
| 0:47.2 | competes with current Vice President Kamala Harris to become the next US |
| 0:51.9 | President. Trump has been proposing a serious to become the next US president. |
| 0:53.0 | Trump has been proposing a series of new charges or tariffs on goods being brought into America. |
| 1:00.0 | 60% on all goods imported from China, the biggest source of American imports, and 10% on goods |
| 1:06.6 | from the rest of the world. |
| 1:07.6 | I think when companies come in and they dump their products in the United States, they should |
| 1:11.7 | pay automatically, let's say a 10% tax. |
| 1:15.2 | That money would be used to... |
| 1:17.2 | Trump says this is a tax on other countries. |
| 1:20.5 | She's going to cause countries that have been ripping us off for years like China and many others, in all fairness to China. |
... |
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