1.0MS NOWhttps://www.ms.nowMS NOWhttps://www.ms.nowEconomist breaks down why Americans will feel the costs of Trump's tariffs but not the benefitsrich600338<blockquote class="wp-embedded-content" data-secret="81Sca5lPpP"><a href="https://www.ms.now/katy-tur/watch/economist-breaks-down-why-americans-will-feel-the-costs-of-trump-s-tariffs-but-not-the-benefits-244533317770">Economist breaks down why Americans will feel the costs of Trump’s tariffs but not the benefits</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.ms.now/katy-tur/watch/economist-breaks-down-why-americans-will-feel-the-costs-of-trump-s-tariffs-but-not-the-benefits-244533317770/embed#?secret=81Sca5lPpP" width="600" height="338" title="“Economist breaks down why Americans will feel the costs of Trump’s tariffs but not the benefits” — MS NOW" data-secret="81Sca5lPpP" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
/*! This file is auto-generated */
!function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document);
</script>
https://www.ms.now/wp-content/uploads/2025/08/1754594489065_n_tur_justin_wolfers_new_trump_tariffs_in_effect_with_more_in_works_economic_impact_250807_1920x1080-dnaxh2-1.jpg19201080Americans are bracing for prices to increase as President Trump's new tariffs hit more than 90 countries. NBC News Senior Business Correspondent Christine Romans reports more details. University of Michigan Professor of Economics and Public Policy Justin Wolfers joins Erielle Reshef to share his skepticism over the tariffs.