This Explains What is Happening

Let’s turn to Fox News to get an explainer on how Trump’s tariffs are impacting American companies and American people.

Yes, Fox News.

Jessica: Before this deal, we essentially were paying 1% on imports with the EU. 15% is more than 1%. I wish Gasparino was sitting here to explain to Jesse how tariffs work because it is a tax on the consumer.

You see headlines like Walmart raising prices up to 51%. They’re… pic.twitter.com/jpGbagLJMG

— Acyn (@Acyn) July 29, 2025