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President Donald Trumps long-promised tariffs have finally arrived.
The administration has imposed sweeping taxes on imports from most major trade partners.
Regardless of your political leanings, these are sure toimpactthe average American family but how?
Former Vice President Mike Pence recently shared his opinions over the course of several tweets and interviews.
Heres what he said abouthow much the tariffs could cost Americans annually.
So, while the former VP can understand Trumps tariff rationale, he disagrees with the approach.
What the Experts Say
Pence isnt alone in criticizing the Trump administrations new tariffs.
Experts generally agree that theyll hit American consumers where they shop.
Researchers from UC Davis say families should expect to pay more at the store.
We also may have fewer options, as some itemsbecome too expensiveto bother importing.
For tariff supporters, these extra costs are a price worth paying.
That could very well happen.
The question is what kind of damage the economy and American families could face between here and there.
This quote gets to the heart of how Pence believes the new tariffs will impact global trade.
Before their implementation, the U.S. had a relatively free international capitalist system.
This has helped todrive down the costs of goodsconsiderably by encouraging specialization and opening access to cheap labor.
The tariffs, Pence suggests, could interrupt this.
Its safe to say that Pence has split from his former GOP running mate in his views.
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