How will tariffs impact you? A North Carolina A&T professor weighs in [Video]

AT 430. ONE TRUMP ADMINISTRATION POLICY GETTING A LOT OF ATTENTION IS THE PROPOSED TARIFFS. AS PRESIDENT TRUMP CONTINUES TO NEGOTIATE WITH MEXICO AND CANADA. THE INCREASE IN TARIFFS WILL IMPACT YOUR BUDGET. CHRIS PETERSEN SPOKE WITH AN ECONOMICS PROFESSOR FROM NORTH CAROLINA STATE UNIVERSITY WHO SAYS A PLAN TO STRETCH YOUR DOLLARS IS A GOOD IDEA TO HAVE. DOCTOR EDUARDO MANNUCCI SAYS THE PRICE OF EVERYTHING FROM CARS TO ELECTRONICS TO FOOD WILL GO UP, WHICH MEANS THAT WEEKLY TRIP TO THE GROCERY STORE WILL COST YOU MORE AS THE TARIFFS KICK IN. THAT MEANS THAT THOSE PRODUCTS THAT ARE COMING FROM CANADA, MEXICO AND CHINA ARE GOING TO COST MORE. THERE’S REALLY NO WAY AROUND IT. YOU WILL PAY MORE AT THE GROCERY STORE IN ORDER FOR BUSINESSES TO REMAIN PROFITABLE. THE COST OF TARIFFS WILL FALL ON THE CONSUMER. IF YOU’RE IN THE MARKET FOR A CAR …