California Gov. Gavin Newsom spoke out Dec. 5 against foreign policy agendas—including tariffs on products from China, Canada, and Mexico—that President-elect Donald Trump has signaled he will enact once in office in January.
“This is one of the biggest tax increases in U.S. history,” Newsom said at a press conference at the border in San Diego County while announcing construction of a new port of entry in the area.
Tariffs raise revenue for the government by charging exporters from affected nations fees for selling products in the U.S.
In some instances, sellers increase the price of goods to recover the extra costs, with importers thus paying more for goods they purchase and then passing on some or all of the expenses to consumers….