Why Donald Trump's tariffs on Europe will backfire for American manufacturing - The Briefing w/Jen Psaki - MSNBC

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Bharat Ramamurti, former deputy director of the National Economic Council, talks with Jen Psaki about the number of Americans who will be hurt by the new Republican budget bill and why tariffs on European goods will make the economics for American manufacturers worse. - Aired on 05/23/2025.

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1. Europe will backfire.

Because higher tariffs can raise costs for U.S. manufacturers who rely on imported parts and materials, making their products less competitive both at home and abroad. It’s a short-term tactic with long-term risks.