Trump broadens trade war: Who will pay for it?
CNBC · Just In
CNBC
Just In
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 is expected to raise up to $400 billion annually from new tariffs. 14s
- Analysts debate whether consumers or companies will ultimately pay the increased costs. 19s
- Pharmaceutical exporters may have contracts to cover tariff liabilities, but uncertainty remains. 1m 51s
- Tariffs could reduce U.S. corporate earnings and impact the stock market. 2m 49s
- Suppliers outside the U.S. may seek alternative markets in response to the tariffs. 3m 40s
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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.