Are tariffs making everything more expensive? With Trump’s new tariff plans hitting $1.1 trillion in imports—far more than his first term—prices could rise for businesses and consumers alike.

Kyle Hulehan and cohost Erica York break down who really pays for tariffs, why they hurt lower-income Americans most, and whether they worked the first time around.

Links:

Trump Tariffs: Tracking the Economic Impact of the Trump Trade War

Questions About Tax Cuts, Tariffs, and Reconciliation After the Election

Why the Economic Effects of Taxes (Including Tariffs) Matter

Five Things To Know About Trump’s Income Tax and Tariffs Idea

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