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Notion yet again that u.s. companies and consumers pay for the tariffs. china is not subsidizing that. we see that in various economic studies that have come out. the federal reserve bank of new york estimated the average family in america will pay $831 more a year because of these tariffs in both direct and indirect cost. not to mention the fact that the u.s. taxpayer will now have to subsidize u.s. farmers for aid to the tune of $16 billion. that was the latest round. we also did another round earlier for $12 billion. so we're talking a lot of money coming out of the u.s. companies and consu...

Tonight americans don't believe president trump. he keeps saying this. >> we'll be taking in over a period of time hundreds of billions of dollars in tariffs and charges to china. >> our country can take in $120 in tariffs paid for mostly by china by the way. not by us. we're taking in billions of dollars from mcin the form of tariffs. we are collecting billions and billions of dollars, mostly paid for by china. >> but americans are not as gullible as the president seems to think with comments like that, because in a new poll 62% say american consumers will be the ones paying tariffs and only ...

Do the price of the good. the buyer is the american consume like a tax that tax increase could wipe ou benefits americans see from the president's tax cuts. a new study from the non-partisan congressional research service found those tax cuts have not boosted the economy as much as the president hoped. among findings a small effect on the economy in terms of growth and ordinary workers with very little growth in wage rates. outfront now catherine rampel from the "washington post" and cnn political commentator. an informal adviser to the white house on the tax ruts. catherine, do you think the ...

Producers not paid by european producerers and the others we have already also engaged in a trade war with. they are passed along to consumers. yes, certainly they are weeping out a large portion of whatever demandside effect of the least you see from the tax cuts. >> adam to this point i know you are concern about this too. >> taxes are tariffs. and if the tariffs cost $800 to the average american that's wiping out almost half of what we estimate the -- estimate the average american gets because of the tax cuts. lower taxes for typical americans by about $1400 in that one year. and not even t...

In the beginning, the manufacturers in china absorbed that increase. over 8, 9%, they pass them on. >> britt beamer says demand is up for fireworks, suggesting a lot of family get togethers this fourth of july. if america and china cannot resolve their tariff dispute, that could have an impact on back to school sales. >> how is that for sticker shock? in a report from the new york federal reserve saying tariffs will cost the average american family $831 a year. that's real money that could have a real impact on the economy and listen already volatile stock market, especially if shoppers start ...