CNBC's Martin Soong and Chery Kang talked about Trump's latest threat to impose new tariffs on copper, chips and pharmaceuticals on Squawk Box Asia and discussed who'll end up footing the bill.
BreakdownGenerated by LeadStory AI
- The U.S. government could raise up to $400 billion annually from new tariffs. 14s
- The cost of tariffs may be borne by consumers via higher prices or companies via lower earnings. 19s
- Pharmaceutical exporters may use contracts to manage tariff liabilities, but uncertainty remains. 1m 51s
- Tariffs could reduce S&P 500 company earnings and impact market performance. 33s
- Both U.S. consumers and companies are expected to share the financial burden of tariffs. 3m 24s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.