Small businesses would bear the brunt of Trumps tariffs [Video]

If President-elect Donald Trump’s threats are to be taken seriously, no country is safe from tariffs once he takes office.

During his first term, Trump often threatened harsh tariffs on foreign countries, and he even placed several on Chinese imports…and the results weren’t great for the U.S. If he follows through on his promises this time around, what will it mean for consumer prices?

Claire Reade, who worked eight years in the Office of the United States Trade Representative, joined KNX News’ daily political show Countdown 2024.

Listen here:

While Trump has repeatedly claimed that tariffs will only hurt foreign businesses while generating revenue for the U.S., Reade pointed out that “economic studies from all sides” confirm most of the costs are passed on to consumers.

“So if it costs, you know, 25% more to bring avocados or tomatoes in from Mexico all of a sudden, or lumber from Canada or gas from Canada, you’re going …