Former Trump chair: Tariffs to reshore jobs

Former Trump Chair Robert Arlett says tariffs aim to bring manufacturing back to the US, encouraging companies to return from abroad. #Tariffs

Transcript

00:00So Rob, that's something that I just wanted to touch on with you.

00:03Economists say many companies are actually likely to pass the increased cost of imported goods

00:10onto their customers. You just mentioned the short-term pain there, but will this appear

00:16to Trump's supporter base? Are they prepared to pay more until things get easier?

00:23Well, I guess time will find out, I think. But I think it is working because there are already

00:29many manufacturers that have stated that they're coming back to America and investing billions of

00:35dollars in manufacturing facilities and plants and jobs here in America. So I think even before

00:43these tariffs came into effect yesterday, I would say that prior to that, companies knew they were

00:48coming and they were already announcing their desire and intent to invest in America and invest

00:55in the American worker. So I think out of the gate, it is working. Can the American people

01:01handle a short-term increase in some products, not all products, but in some products? I think time will tell.