Impact of President Trump's Economic Policies and Tariffs

SOURCE www.breitbart.com
Sen. Markwayne Mullin believes President Trump's economic policies will work and that tariffs are tools to open up foreign markets to American businesses, but acknowledges that tariffs are a tax that will be passed on to consumers.

Key Points

  • Certainty in tax policy is crucial for businesses
  • Tariffs can be used to ensure reciprocal trade agreements
  • Addressing issues of illegality on the northern and southern border is a priority

Pros

  • Tariffs can be used as leverage on other issues
  • Tariffs can open up foreign markets to American businesses

Cons

  • Tariffs are a tax that will be passed on to consumers