Economic Impact of Trump’s Tariffs Set to Begin August 7 | EWTN News Nightly

About this sermon

The U.S. and its trading partners will soon feel the effects of new tariffs announced by President Donald Trump. The tariffs—targeting 66 countries, the European Union, Taiwan, and the Falkland Islands—will take effect on August 7. For most nations, the base rate will remain 10%, but countries with larger trade imbalances will see rates rise to 15% or higher. This will impact many goods purchased, as part of an effort to bring more jobs back to America. Critics argue it could drive up prices and hurt economic growth. To provide insight, Meredith Crowley, Professor of Economics at the University of Cambridge and specialist in international trade, joins us to assess which goods may be most affected, who got the better end of the deal—the U.S. or the EU—and whether the tariffs will lead to new factory jobs in the United States. ------------ EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf