Fox Business host Maria Bartiromo pressed President Donald Trump on his shifting tariff policies, which includes imposing, pausing, and announcing new tariffs multiple times, and inquired whether the business world would get certainty on the matter soon.
Why It Matters
Since taking office, Trump has repeatedly imposed and paused various tariffs, causing uncertainty for businesses that rely on manufacturing and supply chains in Mexico and Canada, as well as consumers.
Tariffs are taxes on imported goods, typically paid by the importing businesses, which can then pass costs onto consumers through higher prices. The importing business could be any American company that purchases goods from foreign suppliers and brings them into the country for resale, manufacturing, or distribution. Tariffs are often used to protect domestic industries by making foreign goods more expensive and encouraging consumers to buy locally.
The stock market dropped early Tuesday morning, as Trump implemented 25 percent tariffs on imports from Canada and Mexico, …