Andrew Ross Sorkin Gives Brutal Warning Over Trump’s Tariffs [Video]

Squawk Box’s Andrew Ross Sorkin warned on Friday that taxpayers are just hours away from what could be an “explosive economic moment” with President Donald Trump warning that 25% tariffs on Mexico and Canada are being put in place on Saturday.

Sorkin joined Jonathan Lemire on Morning Joe to discuss the coming tariffs. He warned economists have been putting up the “red flag” to argue that tariffs on goods will rise consumer costs and do “demonstrable economic damage to the United States.”

“We’re 24 hours out from what could be, frankly, an explosive economic moment in our history. We’ll see whether we get there,” Sorkin said.

He also theorized that the tariffs could also be part of a larger negotiation by Trump on immigration or other issues.

“Tariffs, as we’ve discussed repeatedly, typically ultimately get borne by American taxpayers. The cost of goods for Americans, at least in the short term, go up,” Sorkin said. “And so …