Detailed text transcripts for TV channel - MSNBC - 20180712:05:46:00
The american consumer, the american business that buys the foreign product that ends up paying the tariff. it is really just a sales tax on americans. >> yes. and it's even worse than a sales tax on americans because a whole bunch if they release this 200 page list of all the things they are going to put tariffs on and scores and scores of those products are actually intermediate goods. that is to say, things that are inputs into the manufactured other products, so steel, for example, you don't want to put sales taxes on things that are inputs. that makes no economic sense. >> thank you very m...