Tariffs are a big tax on what people buy: Brookings Senior Fellow

President Trump signed reciprocal tariff policies against countries that already have taxes on American imports on Thursday. This new wave of tariff proposals could go into effect by April, pending negotiations with global officials.
London Business School Adjunct Professor of Economics Linda Yueh — alongside Brookings Institution Senior Fellow in governance studies E.J. Dionne Jr. — tells Madison Mills on Catalysts that the administration's tariff strategy is "essentially an increase in production costs."
She points out that companies who wish to move supply chains through "countries which run trade surpluses and goods, then I think it's going to raise challenges around how companies will organize their production."
"The overall issue, the problem for companies is just that it adds uncertainty and uncertainty deters action at companies who may hold off," Yueh continues, differentiating between the type of price hikes that could ensue over these tariffs.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
https://finance.yahoo.com/videos/seri...
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