What Trump’s proposed tariffs mean for the economy

President-elect Donald Trump plans to impose new tariffs on Canada, China, and Mexico on his first day in office. This follows his recent appointment of billionaire hedge-fund manager Scott Bessent as Treasury Secretary. In this week’s episode of Capitol Gains, anchor Akiko Fujita, Washington Correspondent Ben Werschkul, and Senior Columnist Rick Newman discuss the legal, consumer, and market implications of Trump’s proposed tariffs on US imports. The team was also joined by the Tax Foundation senior policy analyst and modeling manager Garrett Watson to explore which of Trump's tax proposals are most noteworthy and could have the greatest impact on the nation's economy. Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed. Watch more episodes of Capitol Gains here. Thoughts? Questions? Fan mail? Email us at [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices