Here's how recent tariffs on Mexico, Canada and China could dampen economic growth.
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00:00If you put tariffs on other countries, they're going to put tariffs on us, and we're much
00:03stronger than them. So they'll yield before we do. But it's really bad for global growth
00:09in the aggregate. It's bad for domestic growth, specifically to us. And it's going to lead to
00:15inflation. It's going to lead to higher prices for everything. And it's not good for economic
00:20growth. So am I in favor of this? Absolutely not. Will it play out anyway? Absolutely.
00:25So we're going to have to live with this. It's part of the world we live in currently.