Detailed text transcripts for TV channel - CNN - 20190606:08:40:00
>> but the supply chains in north america are anything but simple. the u.s. trades back and forth with mexico. it is america's biggest supplier of agricultural products, $26 billion in 2018. and remember, mexico will not pay these tariffs. american businesses will pass the cost on to consumers. john cornyn of texas laid out the cost clearly on the senate floor yesterday. >> tariffs on the other hand, would be a massive tax. the u.s. chamber estimates that texas alone would face $5.35 billion in increased costs as a result of 5% tariffs that could take effect as early as monday. this translates...