Fox Host Confronts Republican on Tariffs’Consumers Are Not Gonna Be Happy’ [Video]

Fox Business host Stuart Varney questioned Republican U.S. Representative Riley Moore of West Virginia about whether U.S. consumers should be “happy” about soon paying more for products due to the Trump administration’s tariffs.

Why It Matters

Following weeks of tariffs on Canada, Mexico and China, along with additional global tariffs on steel, aluminum and foreign-made automobiles, Trump announced that his administration will impose a 10 percent tariff starting on Saturday.

The moves were met with consecutive days’ worth of a stock market nosedive coupled with new fears of a recession. China hit back at the U.S. on Friday, announcing it would match the U.S. 34 percent tariff on Chinese imports with an identical tariff on all American goods, effective April 10. New export controls on rare earth elements and suspended poultry imports from two U.S. firms are also being imposed.

Jerome Powell, chairman of the Federal Reserve, warned the Trump administration that the tariffs place the outlook of the U.S. …