Reported about 18 hours ago
In a recent episode of Financial Freestyle, host Ross Mac discusses the implications of tariffs on the economy with Fred Hochberg, former chairman of the Export-Import Bank. Hochberg argues that tariffs act as a tax on American consumers, raising costs for goods and ultimately hurting U.S. competitiveness in the global market. He stresses the importance of understanding trade dynamics and suggests that alternative strategies, such as promoting domestic manufacturing through incentives rather than tariffs, may better support American businesses. Hochberg's insights highlight the complex relationship between trade policies and consumer impact.
Source: YAHOO