Tariffs spark economic concerns according to a Georgia economist [Video]

While designed to protect American industries, these tariffs could have far-reaching effects—not only on major sectors but also on consumer’s wallets.

Two weeks ago, the Trump administration implemented tariffs on Chinese imports and was on the verge of adding a 25% tax on goods from Canada and Mexico. 

However, our neighboring countries came to an agreement hours the day before, postponing those tariffs for 30 days—leaving just two weeks before a final decision must be made. 

In the meantime, experts like Economics Professor Greg George from the Middle Georgia State University are closely monitoring the economic impact.

Tariffs are often used as a political tool to shield certain industries from foreign competition, but they come with potential risks, according to George.

“Tariffs are typically a political tool to grant favors to …