Trade Coalition Pushes Congress To Hold President In Check

The transcript discusses the formation of the Tariff Reform Coalition by major trade associations to review and potentially curb President Trump's tariff policies. It highlights the negative impact of tariffs on manufacturers and the broader economy. Legislative efforts are underway to restrict presidential authority on tariffs, requiring congressional approval. The transcript also covers the ongoing trade wars with China and the European Union, emphasizing that American companies bear the cost of tariffs, not foreign countries.

What is the misconception about who pays for the tariffs imposed by the Trump administration?

What are the implications of the trade battles with allies such as the European Union as mentioned in the text?