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'It's A Tax Increase... Brought To You By Donald Trump': Padilla Slams Trump's Mexico Tariffs
Forbes Breaking News
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6 months ago
During an interview with CNN on Sunday, Sen. Alex Padilla (D-CA) spoke about President Trump's tariffs on Mexico.
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00:00
30% tariffs on goods from Mexico, 35% tariff on goods from Canada starting August 1st.
00:07
Canada and Mexico are two of your state's biggest trading partners. Do you think,
00:12
A, they will go into effect, and if they do, what effect that will have on the businesses
00:18
and consumers in your state? Yeah, both Canada and Mexico aren't just
00:21
the largest trading partners for the state of California. They're among the largest trading
00:25
partners for the United States of America. And so let's remember what happens when tariffs take
00:31
effect. Those, first of all, costs will increase, and the people who pay that price increase are
00:37
United States consumers. It's U.S. companies importing products from those countries that
00:42
will pass along the cost to the American consumer. So in effect, it's a tax increase on the American
00:48
people brought to you by Donald Trump.
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