Page 10 - Tariffs On News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> ali velshi, just once and for all, who pays for tariffs? >> buyers of products. >> okay. >> end of story. the buyer of the product, the producer, the importer fof a product from mexico or china pays for it, bicycle, air conditioner, fruit, vegetables, unless they hd had a very rich year, they're passing it on to you, the buyer. tariffs on, mexico has them, china has them, the consumer pays for them. the government doesn't pay for them. buyers of products pay for tell. >> why wouldn't a nice man like that speaking with the white house on the lawn -- >> this is what the white house is using t...

Isn't that there is a crisis of the border. i think a large percentage of americans would agree with that. it's the move to slap tariffs on mexico and with that would do to our relationship with mexico. the mexican economy contracting in the first corner. you send that country into a recession, it has less resources and less of an ability to prevent migrants from coming across our border. you give mexican people and central americans a reason to get into the united states. >> melissa: okay, let me sort of blew everybody's mind out there. if you think of it this way, if we slap these tariffs on...

Document that says, this is what you need to do. once you've done that, you're in the clear. >> dan, from the market's perspective or economic perspective, this is nafta 2.0. jared kushner's baby. if this puts usmca in question, if it threatens it, then what happens? >> a trade war with china that is only escalating right now. the last thing you want is a multi-front trade war, especially with some of our biggest trading partners. i mean, i think it shouldn't be lost on viewers here that canada and mexico are our two biggest trading partners. when you think about where -- we export more than w...

>> it is more of a problem than it was before. >> it is not, he said it would go down and it has not gone down. there is a different discussion for a different time as to whether trade deficits are as bad as what the president said. we promoted this because the president has tariffs which over people put tariffs on. th we had a tax cut. we have a higher trade deficits which means we buy more from other countries than we sell at a rate higher than it was. >> who was he trying to blame for this? >> that's a good question. the reason we by stuff at a cheaper cost, we enjoy buying thing that is ar...

Because it's true! i was nice and i left it 10 percent on 200 billion. and here is the beauty, we have lost so much money with china, $500 billion a year. and on trade, such a disaster, it is 507 billion dollars a year. china, just one country. we lose with everybody, almost. but china's one country. $507 billion, for many years! so the beauty is this, i have $250 billion more to put tariffs on. the numbers are staggering. billions of dollars right now are pouring into our treasury. and for those of you that have not done the research, if you look, of the 25 percent, our country as it has turn...