2 chapters across the catalog
The United States increased tariffs on European Union goods to 10% following a WTO ruling on illegal subsidies for Airbus. These trade tensions have expanded to include 25% tariffs on products like French wine and cheese, which consumers are beginning to notice in retail pricing.
Economic Impact of Tariffs, Ben Stein and "Ferris Bueller"
CNBC uses a clip from Ferris Bueller's Day Off featuring Ben Stein to explain the historical failure of the Hawley-Smoot Tariff Act. However, the real Ben Stein appears on CNBC to defend the new tariffs, citing the need for a strong domestic metals industry in the event of a "hot war" with Russia. The hosts debate the actual cost increase to consumers, noting it may only be pennies for a six-pack of beer but more significant for industries like aerospace.
