Richard Quest: Tariffs Are Either Eaten by the People in the Supply Chain or They Get Passed on to the Consumer

WHITFIELD CNN business editor ░░░░░░░░ large Richard Quest is ░░░░░░░░ us right now All ░░░░░░░░ Richard I mean a ░░░░░░░░ here going on the ░░░░░░░░ House says it s ░░░░░░░░ focused on making goods ░░░░░░░░ affordable These tariffs are ░░░░░░░░ to do the opposite ░░░░░░░░ how do you bring ░░░░░░░░ inflation with these tariffs ░░░░░░░░ place QUEST No you ░░░░░░░░ t is the short ░░░░░░░░ The whole policy is ░░░░░░░░ with contradictions You just ░░░░░░░░ then the question of ░░░░░░░░ know whether or not ░░░░░░░░ can have affordability whilst ░░░░░░░░ the same time you ░░░░░░░░ just increased the tariffs ░░░░░░░░ an average of 17 ░░░░░░░░ Somebody look Howard Lutnick ░░░░░░░░ said the Commerce Secretary ░░░░░░░░ said 50 billion a ░░░░░░░░ is coming into the ░░░░░░░░ which is great because ░░░░░░░░ will most certainly help ░░░░░░░░ the deficit Not by ░░░░░░░░ much as the Big ░░░░░░░░ Bill increased it but ░░░░░░░░ will help cut the ░░░░░░░░ But who is paying ░░░░░░░░ 50 billion From the ░░░░░░░░ tariffs were mentioned Fredricka ░░░░░░░░ ve gone round in ░░░░░░░░ It s as if ░░░░░░░░ s just a there ░░░░░░░░ a blind wall here ░░░░░░░░ tariffs are being paid ░░░░░░░░ the manufacturer the producer ░░░░░░░░ exporter the importer all ░░░░░░░░ people in the supply ░░░░░░░░ who then either do ░░░░░░░░ of two things They ░░░░░░░░ eat it or they ░░░░░░░░ it on to the ░░░░░░░░ And you can only ░░░░░░░░ a tariff of 30 ░░░░░░░░ 25 percent which cuts ░░░░░░░░ your margins for so ░░░░░░░░ So yes you are ░░░░░░░░ to see an effect ░░░░░░░░ may not be seeing ░░░░░░░░ now but it s ░░░░░░░░ its way.”