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Trump’s former trade chief on how tariffs affect the economy, why he says the U.S. needs them

2025-02-03 News & Politics
1.9m
17.6k
6.5k
60 Minutes
60 Minutes
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Economists say tariffs can increase prices for consumers, but Robert Lighthizer, President Trump’s former trade chief, argues they’re necessary. "60 Minutes" is the most successful television broadcast in history. Offering hard-hitting investigative reports, interviews, feature segments and profiles of people in the news, the broadcast began in 1968 and is still a hit, over 50 seasons later, regularly making Nielsen's Top 10. Subscribe to the “60 Minutes” YouTube channel: http://bit.ly/1S7CLRu Watch full episodes: http://cbsn.ws/1Qkjo1F Get more “60 Minutes” from “60 Minutes: Overtime”: http://cbsn.ws/1KG3sdr Follow “60 Minutes” on Instagram: http://bit.ly/23Xv8Ry Like “60 Minutes” on Facebook: http://on.fb.me/1Xb1Dao Follow “60 Minutes” on Twitter: http://bit.ly/1KxUsqX Subscribe to our newsletter: http://cbsn.ws/1RqHw7T Download the CBS News app: http://cbsn.ws/1Xb1WC8 Try Paramount+ free: https://bit.ly/2OiW1kZ For video licensing inquiries, contact: [email protected]

Top Comments (10)

@theowl3756 2025-02-03

Lost manufacturing jobs in the U.S. are not due to the conduct of other countries. It is because the American companies decided to look for cheap labore in other countries. So, it was the greed of the American companies that created the problem. Thus, blaming other countries for the greed of the American companies is simply absurd and counterproductive.

6.0k 470 replies
@ChibiLovesDragon 2025-02-03

People who are recession-proof saying, "Well, if this fails, we can always go back," make me sick. The average, middle class person who loses their home to foreclosure can't just go back.

2.5k 165 replies
@GusFliesBlind 2025-02-03

Could we at least stop pretending that this has anything to do with fentanyl?

1.7k 79 replies
@bhyydy6353 2025-02-08

"You don't know how much you love going to work until you can't go there anymore." So true!

24 1 replies
@sharonwinson-m8g 2025-02-03

The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.

2.0k 4 replies
@NWOALERT 2025-02-03

This guy really gives it away when he says the very well paid CEOs are gonna just have to figure it out. Yeah. They’re going to figure it out the way they always do. They are not going to cut their own pay and they are going to raise prices.

1.7k 60 replies
@thehaptv6509 2025-02-03

Last phrase he said: If it doesn’t work… ooops 😂😂😂 These are the advisers? What a joke!😂😂😂

29
@channelshmanel9882 2025-02-04

It's Smoot-Hawley meets Dunning-Krueger😂

3
@itsjustatalk_mauri 2025-02-03

“If in TEN years it doesn’t work, I guess we’ll go back to what we’ve done in the past” — that’s a wild statement 😅

949 73 replies
@TraderJason1 2025-02-03

“Tariffs are the greatest thing ever invented,” said the man who declared bankruptcy six times.

21

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