Our Privacy Statement & Cookie Policy

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser.

I agree

AAF President: Tariffs hit small businesses and low-income Americans

00:50

U.S. President Donald Trump took to social media to announce plans for an additional 100 percent tariff on Chinese goods starting November 1. "Tariffs are taxes on imports and they are paid by Americans," Douglas Holtz-Eakin, president of the American Action Forum (AAF), states in this video. A tariff is a highly distortionary, regressive tax, he explains, that hits "small businesses and low-income individuals." "It isn't the way to raise a lot of revenue," he warns. 

Search Trends