Detailed text transcripts for TV channel - FOXNEWS - 20190518:16:30:00
Tariffs, which take effect on china today, that's what he said when the tariffs went into effect. so which is it? are consumers going to, you know, who is going to pay this? >> consumers will pay the increased cost because what the tariffs are in effect, are taxes. and tariffs hit consumers because producers raise costs when they are hit with paying those higher taxes at the border and that's just the reality. what i fear is that the next tranche of tariffs that may go into effect as early as july, the tranche four tariffs will be the most detrimental because they'll hit what i call the big bo...