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