Detailed text transcripts for TV channel - CNN - 20190605:13

Detailed text transcripts for TV channel - CNN - 20190605:13:25:00

>> are these american producers in texas lying when they say they're paying the tariffs? >> -- for example, we're seeing -- look, we had this same conversation a year ago when everybody's hair was on fire saying that consumer prices were going to go up because we were putting a tariff on china. didn't happen. china bore the burden of that. >> you're relying on american companies -- >> -- pardon me? >> you're relying on american companies not to pass the costs on to consumers. american companies are paying the tariffs or their profit margins are smaller >> it's determined by market conditions. if you want to get technical it's the elasticity of supply and demand. >> it's not technical. it's pretty straightforward. >> this is not an argument we should be having. the real argument should be about the costs that illegal immigration impresses upon the united states of america and the fact that neither congress or the mexican government lifted a finger to do anything about it and that the president has a very few options because congress refuses to act.

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