Even Longtime Tariff Backers Are Balking at Trump’s Trade Levies

The video discusses upcoming hearings involving over 300 company executives opposing proposed tariffs by the Trump administration. New Balance, a domestic shoe manufacturer, is highlighted for its reliance on Chinese imports. The current status of trade talks with China is uncertain, with potential discussions at the G20 meeting. The impact of tariffs on consumer goods is explored, noting that previous rounds avoided consumer products, but the new list includes items like laptops and apparel.

What is the main reason New Balance is testifying against the proposed tariffs?

What are the expectations regarding the G20 meeting and its impact on the proposed tariffs?

How have previous rounds of tariffs been structured in relation to consumer goods?

What types of products are likely to be affected by the new round of tariffs?

What is the significance of the hearings starting this week regarding tariffs?