Fox News host Julie Banderas warned viewers to expect to pay more for goods if President-elect Donald Trump follows through on his threat to impose tariffs on Canada, Mexico, and China.
According to Banderas, Trump had promised to make tariffs “so high, so horrible, so obnoxious” to get businesses to move to the United States. He said this while talking to small business “expert” Gene Marks on Thursday.
She said, “Oh, it is going to be a wild ride.” “Let us face facts. A lot of American companies do not buy American. “They do depend on a lot of goods that come from other countries.”
Will this make prices go up for you and me?” Marks was asked by the host.
“Oh, okay. “It might be possible,” the guest said. “It just depends on how the businesses decide to absorb those price increases.”
Banderas said, “I think it will cost more in the long run if American companies are forced to buy American.” “Then who will pay for that?” “We are.”
“We are going to be buying the merchandise that they are going to have to raise the costs on because they are not going to be buying from foreign countries,” she said. “So ultimately, it does come down to the taxpayer dollar.”
