Tariffs are part of a strategy from the Trump administration to get a better trade deal with China and curb illegal immigration at the southern border. University of Arizona Eller College of Management economist George Hammond joined Lorraine Rivera in studio to discuss its effectiveness and the consequences it carries.
"We do have legitimate concerns about the way China conducts trade. And those concerns should be pursued. The problem is that tariffs are not the right way to do that. You don't solve one problem by first shooting yourself in the foot," Hammond said.
Hammond also said levying tariffs on Mexico could end up backfiring for the U.S. "It has the potential to damage the Mexican economy. That means less production, less employment there. It could generate more immigration into the U.S. if our policies wind up making Mexico worse off."
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